Wall Street analysts expect Intellipharmaceutics International Inc. (NASDAQ:IPCI) (TSE:I) to announce earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Intellipharmaceutics International’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.03. Intellipharmaceutics International reported earnings per share of ($0.14) during the same quarter last year, which suggests a positive year-over-year growth rate of 71.4%. The business is expected to issue its next quarterly earnings results on Friday, February 9th.
According to Zacks, analysts expect that Intellipharmaceutics International will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.31) to ($0.11). For the next fiscal year, analysts forecast that the firm will report earnings of $0.10 per share, with EPS estimates ranging from ($0.32) to $0.51. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Intellipharmaceutics International.
Several equities analysts have recently issued reports on IPCI shares. Maxim Group lowered their price target on Intellipharmaceutics International from $6.00 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Mackie raised Intellipharmaceutics International to a “hold” rating and raised their price objective for the stock from $1.00 to $3.10 in a research note on Tuesday, September 26th. Zacks Investment Research raised Intellipharmaceutics International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, ValuEngine lowered Intellipharmaceutics International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $2.37.
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Shares of Intellipharmaceutics International (NASDAQ:IPCI) traded down $0.03 during mid-day trading on Monday, hitting $0.88. The stock had a trading volume of 239,695 shares, compared to its average volume of 305,691. Intellipharmaceutics International has a one year low of $0.81 and a one year high of $3.35.
Intellipharmaceutics International Company Profile
Intellipharmaceutics International Inc is a Canada-based pharmaceutical company engaged in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. Its Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.
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