Zacks: Analysts Expect Acer Therapeutics Inc (ACER) Will Post Earnings of -$0.62 Per Share

Equities analysts expect that Acer Therapeutics Inc (NASDAQ:ACER) will announce earnings per share of ($0.62) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Acer Therapeutics’ earnings. Acer Therapeutics posted earnings per share of ($1.04) in the same quarter last year, which suggests a positive year-over-year growth rate of 40.4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 27th.

On average, analysts expect that Acer Therapeutics will report full year earnings of ($1.48) per share for the current year. For the next year, analysts anticipate that the business will post earnings of ($2.76) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Acer Therapeutics.

Acer Therapeutics (NASDAQ:ACER) last released its quarterly earnings results on Monday, November 13th. The biopharmaceutical company reported ($1.09) earnings per share for the quarter.

A number of brokerages have recently issued reports on ACER. ValuEngine downgraded shares of Acer Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. HC Wainwright set a $50.00 target price on shares of Acer Therapeutics and gave the company a “buy” rating in a research note on Thursday, January 4th.

Shares of Acer Therapeutics (NASDAQ ACER) opened at $17.04 on Friday. Acer Therapeutics has a 1 year low of $5.70 and a 1 year high of $22.63. The firm has a market cap of $128.10, a P/E ratio of -4.23 and a beta of 2.58.

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Acer Therapeutics Company Profile

Acer Therapeutics Inc, formerly Opexa Therapeutics, Inc, is a pharmaceutical company. The Company is engaged in acquires, develops and intends to commercialize therapies for patients with serious rare diseases with critical unmet medical need. Its late-stage clinical pipeline includes Edsivo (celiprolol) and ACER-001.

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