Brokerages Expect Iterum Therapeutics PLC (NASDAQ:ITRM) Will Post Earnings of -$1.62 Per Share

Brokerages expect Iterum Therapeutics PLC (NASDAQ:ITRM) to announce earnings of ($1.62) per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Iterum Therapeutics’ earnings. Iterum Therapeutics reported earnings per share of ($2.22) in the same quarter last year, which would indicate a positive year over year growth rate of 27%. The business is expected to report its next quarterly earnings results on Tuesday, August 13th.

On average, analysts expect that Iterum Therapeutics will report full year earnings of ($6.48) per share for the current financial year, with EPS estimates ranging from ($6.95) to ($6.01). For the next fiscal year, analysts expect that the business will post earnings of ($3.88) per share, with EPS estimates ranging from ($4.95) to ($2.81). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Iterum Therapeutics.

Iterum Therapeutics (NASDAQ:ITRM) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($1.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.35) by ($0.09). The firm had revenue of $0.04 million during the quarter. Iterum Therapeutics had a negative net margin of 11,956.64% and a negative return on equity of 83.95%.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Iterum Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, May 29th. Royal Bank of Canada lowered their price objective on Iterum Therapeutics to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Iterum Therapeutics in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.00.

Shares of ITRM opened at $6.45 on Thursday. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 0.24. Iterum Therapeutics has a 12 month low of $4.70 and a 12 month high of $13.00.

Iterum Therapeutics Company Profile

Iterum Therapeutics plc, a clinical-stage pharmaceutical company, engages in developing anti-infectives for multi-drug resistant pathogens in Ireland and the United States. The company is developing sulopenem, a penem anti-infective compound with oral and IV formulations that is in Phase III clinical trials for the treatment of adults in uncomplicated urinary tract infections, complicated urinary tract infections, and complicated intra-abdominal infections.

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Earnings History and Estimates for Iterum Therapeutics (NASDAQ:ITRM)

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