Sunesis Pharmaceuticals, Inc. (SNSS) Expected to Announce Earnings of -$0.10 Per Share
Wall Street brokerages predict that Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) will post ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Sunesis Pharmaceuticals’ earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.11). Sunesis Pharmaceuticals posted earnings of ($0.20) per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The firm is expected to issue its next earnings results on Tuesday, August 6th.
On average, analysts expect that Sunesis Pharmaceuticals will report full-year earnings of ($0.44) per share for the current year, with EPS estimates ranging from ($0.48) to ($0.37). For the next fiscal year, analysts anticipate that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.67) to $0.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Sunesis Pharmaceuticals.
Sunesis Pharmaceuticals (NASDAQ:SNSS) last released its quarterly earnings results on Wednesday, May 8th. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08.
A number of large investors have recently added to or reduced their stakes in the stock. Aisling Capital Management LP acquired a new stake in Sunesis Pharmaceuticals during the 4th quarter worth approximately $1,092,000. Algert Global LLC acquired a new stake in Sunesis Pharmaceuticals during the 1st quarter worth approximately $25,000. BlackRock Inc. lifted its position in Sunesis Pharmaceuticals by 27.2% during the 1st quarter. BlackRock Inc. now owns 219,135 shares of the biopharmaceutical company’s stock worth $266,000 after acquiring an additional 46,852 shares during the period. Fosun International Ltd acquired a new stake in Sunesis Pharmaceuticals during the 1st quarter worth approximately $863,000. Finally, Wells Fargo & Company MN lifted its position in Sunesis Pharmaceuticals by 1,486.5% during the 1st quarter. Wells Fargo & Company MN now owns 939,958 shares of the biopharmaceutical company’s stock worth $1,143,000 after acquiring an additional 880,711 shares during the period. Hedge funds and other institutional investors own 22.93% of the company’s stock.
NASDAQ:SNSS traded down $0.05 during mid-day trading on Thursday, reaching $1.18. 229,166 shares of the stock were exchanged, compared to its average volume of 856,433. The company has a market capitalization of $85.58 million, a PE ratio of -1.57 and a beta of 2.69. Sunesis Pharmaceuticals has a 1 year low of $0.20 and a 1 year high of $2.87.
Sunesis Pharmaceuticals Company Profile
Sunesis Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of targeted inhibitors for the treatment of solid and hematologic cancers. Its lead program is vecabrutinib, a non-covalent inhibitor of Bruton's tyrosine kinase (BTK), which is in Phase 1b/2 clinical trial in B-cell malignancies.
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