Research Analysts Issue Forecasts for Global Blood Therapeutics Inc’s Q2 2019 Earnings (NASDAQ:GBT)

Global Blood Therapeutics Inc (NASDAQ:GBT) – Analysts at Wedbush reduced their Q2 2019 earnings per share (EPS) estimates for Global Blood Therapeutics in a research report issued to clients and investors on Tuesday, June 11th. Wedbush analyst L. Moussatos now forecasts that the company will post earnings of ($0.95) per share for the quarter, down from their previous forecast of ($0.05). Wedbush has a “Buy” rating and a $107.00 price objective on the stock. Wedbush also issued estimates for Global Blood Therapeutics’ Q3 2019 earnings at ($0.97) EPS, Q4 2019 earnings at ($0.99) EPS, FY2019 earnings at ($3.79) EPS, Q1 2020 earnings at ($0.99) EPS, Q2 2020 earnings at ($0.99) EPS, Q3 2020 earnings at ($0.90) EPS, Q4 2020 earnings at ($0.82) EPS, FY2020 earnings at ($3.70) EPS, FY2021 earnings at ($1.96) EPS, FY2022 earnings at $1.27 EPS and FY2023 earnings at $5.59 EPS.

Global Blood Therapeutics (NASDAQ:GBT) last released its earnings results on Wednesday, May 8th. The company reported ($0.87) EPS for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.07.

A number of other brokerages have also recently weighed in on GBT. Wells Fargo & Co lifted their price target on shares of Global Blood Therapeutics from $85.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Morgan Stanley lifted their price target on shares of Global Blood Therapeutics from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, March 4th. BidaskClub raised shares of Global Blood Therapeutics from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. JPMorgan Chase & Co. reissued a “buy” rating and set a $75.00 price target on shares of Global Blood Therapeutics in a research report on Thursday, February 28th. Finally, HC Wainwright set a $150.00 price objective on shares of Global Blood Therapeutics and gave the company a “buy” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $88.29.

Shares of NASDAQ GBT opened at $57.52 on Friday. Global Blood Therapeutics has a twelve month low of $30.15 and a twelve month high of $63.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.51 and a quick ratio of 14.51.

A number of institutional investors and hedge funds have recently bought and sold shares of GBT. Truvestments Capital LLC bought a new stake in Global Blood Therapeutics in the 1st quarter valued at $33,000. Kore Private Wealth LLC bought a new stake in Global Blood Therapeutics during the 1st quarter worth about $53,000. Lindbrook Capital LLC bought a new stake in Global Blood Therapeutics during the 4th quarter worth about $55,000. Strs Ohio bought a new stake in Global Blood Therapeutics during the 4th quarter worth about $65,000. Finally, Bank of Montreal Can lifted its position in Global Blood Therapeutics by 61.9% during the 4th quarter. Bank of Montreal Can now owns 1,582 shares of the company’s stock worth $65,000 after buying an additional 605 shares in the last quarter.

About Global Blood Therapeutics

Global Blood Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the discovery, development, and delivery of treatments for underserved patient communities. It is developing its lead product candidate, voxelotor, an oral, once-daily therapy for sickle cell disease (SCD). The company is evaluating voxelotor in SCD in a Phase III clinical trial in adult and adolescent patients with SCD.

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Earnings History and Estimates for Global Blood Therapeutics (NASDAQ:GBT)

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