Several analysts from Wall Street have forecasted that the stocks of RGNX would be reporting a sales value of about $36.39 million for this quarter. According to reports, two of the analysts have already issued estimates regarding the earnings of the company, with the highest going as far as $37.90 million, with the lowest coming all the way down to $34.87 million. The company reported a sales sum of $11.77 million the previous year, which indicates an annual growth rate of around 209.2%. The company will be posting their next earnings result on the 24th of February.
The Quarterly Earnings of RGNX
The stocks of RGNX previously announced their quarterly earnings results on the 4th of November. The company had reported an EPS of $0.23 for the entire quarter, where they beat out the consensus estimate of $0.89. The company had net revenue of $98.91 million for this quarter, where they comprehensively beat out the consensus estimate of $24.80 million. The previous year saw them posting an EPS of $0.94, which implies that the annual growth rate has been around 572.9%.
There have been quite a number of firms that have commented on the stocks of the RGNX. BidaskClub has already upgraded the stocks of the company from a rating of buy, to a rating of strong buy in an 18th December report. The UBS Group has also started covering the shares of the company in a 15th December research report, after issuing the company with a buy rating, and a $57 price target.
Zacks Investment Research has also increased the rating of the RGNX from a rating of hold, to a rating of buy, along with a price target of $32 on the stocks of the firm. Morgan Stanley has, on the other hand, decreased the price target of the company from $55 to $51, with a rating of overweight on the stocks.
