Zacks: Analysts Expect Kezar Life Sciences Inc (KZR) to Post -$0.55 Earnings Per Share

Wall Street analysts predict that Kezar Life Sciences Inc (NASDAQ:KZR) will report earnings per share (EPS) of ($0.55) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Kezar Life Sciences’ earnings. The highest EPS estimate is ($0.45) and the lowest is ($0.63). The company is expected to announce its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Kezar Life Sciences will report full-year earnings of ($2.64) per share for the current financial year, with EPS estimates ranging from ($3.11) to ($2.10). For the next financial year, analysts forecast that the business will post earnings of ($2.38) per share, with EPS estimates ranging from ($2.84) to ($2.14). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Kezar Life Sciences.

Kezar Life Sciences (NASDAQ:KZR) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.18.

Several research firms have issued reports on KZR. Zacks Investment Research cut shares of Kezar Life Sciences from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Cowen began coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating on the stock. Wells Fargo & Co began coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating and a $30.00 target price on the stock. William Blair began coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group began coverage on shares of Kezar Life Sciences in a research note on Monday, July 16th. They set a “buy” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Kezar Life Sciences currently has an average rating of “Buy” and an average price target of $26.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Kezar Life Sciences by 68.4% in the 3rd quarter. FMR LLC now owns 2,530,381 shares of the company’s stock worth $54,175,000 after purchasing an additional 1,027,805 shares during the period. Cowen Inc. bought a new position in shares of Kezar Life Sciences in the 2nd quarter worth approximately $18,207,000. Frazier Management LLC bought a new position in shares of Kezar Life Sciences in the 2nd quarter worth approximately $4,325,000. BlackRock Inc. lifted its stake in shares of Kezar Life Sciences by 2,314.5% in the 3rd quarter. BlackRock Inc. now owns 241,446 shares of the company’s stock worth $5,169,000 after purchasing an additional 231,446 shares during the period. Finally, Acuta Capital Partners LLC bought a new position in shares of Kezar Life Sciences in the 2nd quarter worth approximately $1,730,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

KZR traded up $0.58 during midday trading on Friday, hitting $24.58. 29,200 shares of the company traded hands, compared to its average volume of 59,646. Kezar Life Sciences has a 52 week low of $14.77 and a 52 week high of $26.86.

About Kezar Life Sciences

Kezar Life Sciences, Inc, a clinical-stage biotechnology company, engages in the discovery and development of small molecule therapeutics to treat unmet needs in autoimmunity and cancer in the United States. Its lead product candidate, KZR-616, a selective immunoproteasome inhibitor that is in Phase 1b/2 clinical trials in lupus and lupus nephritis The company was incorporated in 2015 and is headquartered in South San Francisco, California.

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