Zacks: Analysts Anticipate AquaBounty Technologies (AQB) to Announce -$0.14 EPS

Wall Street brokerages expect that AquaBounty Technologies (NYSE:AQB) will report ($0.14) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AquaBounty Technologies’ earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.13). AquaBounty Technologies reported earnings of ($0.22) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36.4%. The business is scheduled to report its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that AquaBounty Technologies will report full-year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.53) to ($0.52). For the next financial year, analysts forecast that the company will report earnings of ($0.40) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for AquaBounty Technologies.

AquaBounty Technologies (NYSE:AQB) last posted its earnings results on Thursday, May 2nd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The business had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.21 million.

Separately, National Securities dropped their price target on shares of AquaBounty Technologies from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Wednesday, March 20th.

NYSE AQB opened at $2.23 on Tuesday. AquaBounty Technologies has a 12-month low of $1.51 and a 12-month high of $5.45.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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