Earnings results for NanoString Technologies (NASDAQ:NSTG)
NanoString Technologies, Inc. is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.61. The reported EPS for the same quarter last year was $-0.64.
NanoString Technologies last released its quarterly earnings results on August 10th, 2020. The biotechnology company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.56) by $0.16. The firm had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $16.15 million. NanoString Technologies has generated ($1.93) earnings per share over the last year. NanoString Technologies has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020. NanoString Technologies will be holding an earnings conference call on Monday, November 9th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on NanoString Technologies (NASDAQ:NSTG)
4 Wall Street analysts have issued ratings and price targets for NanoString Technologies in the last 12 months. Their average twelve-month price target is $38.00, predicting that the stock has a possible downside of 6.79%. The high price target for NSTG is $43.00 and the low price target for NSTG is $34.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
NanoString Technologies has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $38.00, NanoString Technologies has a forecasted downside of 6.8% from its current price of $40.77. NanoString Technologies has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: NanoString Technologies (NASDAQ:NSTG)
NanoString Technologies does not currently pay a dividend. NanoString Technologies does not have a long track record of dividend growth.
Insiders buying/selling: NanoString Technologies (NASDAQ:NSTG)
In the past three months, NanoString Technologies insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,729,323.00 in company stock. Only 4.20% of the stock of NanoString Technologies is held by insiders.
Earnings and Valuation of NanoString Technologies (NASDAQ:NSTG
Earnings for NanoString Technologies are expected to grow in the coming year, from ($2.98) to ($2.02) per share. The P/E ratio of NanoString Technologies is -22.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of NanoString Technologies is -22.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. NanoString Technologies has a P/B Ratio of 14.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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