Epizyme, Inc. (NASDAQ:EPZM) Expected to Report Quarterly Sales of $10.11 Million
Brokers expect Epizyme, Inc. (NASDAQ:EPZM – Get Rating) to report sales of $10.11 million for the current fiscal quarter, Zacks reports. Three analysts have made earnings estimates for Epizyme. The highest sales estimate is $10.74 million and the lowest is $9.60 million. Epizyme recorded sales of $13.01 million in the same quarter last year, suggesting a negative growth rate of 22.3% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Epizyme to record annual sales of $43.82 million for the current fiscal year, with estimates ranging from $41.00 million to $47.23 million. For next year, analysts expect the company to record sales of $77.23 million, with estimates ranging from $61.40 million to $91.96 million. Zacks Investment Research sales calculations are an average based on a survey of analysts who follow Epizyme.
Epizyme (NASDAQ:EPZM – Get Rating) last reported quarterly earnings data on Tuesday, May 10. The biopharmaceutical company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company posted revenue of $8.70 million for the quarter, compared to $10.86 million expected by analysts. Epizyme had a negative net margin of 614.08% and a negative return on equity of 2,459.33%. During the same period of the previous year, the company posted an EPS of ($0.69).
EPZM has been the subject of a number of recent research reports. StockNews.com began covering Epizyme in a research note on Thursday. They set a “sell” rating for the company. Zacks Investment Research has downgraded Epizyme from a buy to a hold rating and has set a price target of $1.75 for the stock. in a report on Friday, March 4. Finally, HC Wainwright cut its price target on Epizyme from $8.00 to $6.00 and set a “buy” rating on the stock in a Friday, June 3 report.
A number of institutional investors and hedge funds have recently changed their EPZM holdings. Kraematon Investment Advisors Inc. acquired a new equity stake in Epizyme in the fourth quarter worth approximately $28,000. Pinnacle Wealth Planning Services Inc. bought a new position in Epizyme during the fourth quarter worth approximately $31,000. Landscape Capital Management LLC acquired a new stake in Epizyme in the fourth quarter at a value of $40,000. Bayesian Capital Management LP acquired a new stake in Epizyme in the fourth quarter worth $40,000. Finally, Arizona State Retirement System increased its stake in Epizyme shares by 94.1% in the first quarter. Arizona State Retirement System now owns 37,398 shares of the biopharmaceutical company valued at $43,000 after buying 18,134 additional shares last quarter. 76.45% of the shares are currently held by institutional investors.
The NASDAQ EPZM opened at $0.71 on Thursday. The stock has a 50-day moving average of $0.68 and a 200-day moving average of $1.60. The company has a market capitalization of $117.01 million, a price-earnings ratio of -0.33 and a beta of 1.30. Epizyme has a 1-year low of $0.41 and a 1-year high of $9.86.
About Epizyme (Get an evaluation)
Epizyme, Inc., a commercial-stage biopharmaceutical company, discovers, develops and commercializes novel epigenetic drugs for patients with cancer and other diseases in the United States. The company offers tazemetostat for the treatment of metastatic or locally advanced epithelioid sarcoma in adult and pediatric patients.
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