Zacks: Analysts Expect ContraFect Corp (CFRX) Will Post Earnings of -$0.10 Per Share

Wall Street brokerages expect ContraFect Corp (NASDAQ:CFRX) to report earnings per share (EPS) of ($0.10) for the current quarter, according to Zacks. Zero analysts have issued estimates for ContraFect’s earnings, with estimates ranging from ($0.10) to ($0.09). ContraFect reported earnings per share of ($0.15) during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is expected to announce its next earnings report on Wednesday, March 21st.

On average, analysts expect that ContraFect will report full year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.33) to ($0.32). For the next financial year, analysts expect that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.45) to ($0.35). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for ContraFect.

Shares of ContraFect (NASDAQ:CFRX) opened at $1.19 on Wednesday. ContraFect has a 52-week low of $0.80 and a 52-week high of $2.50. The stock has a market capitalization of $86.47, a P/E ratio of -6.26 and a beta of -0.85.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Birchview Capital LP increased its stake in shares of ContraFect by 56.5% during the third quarter. Birchview Capital LP now owns 1,135,082 shares of the biotechnology company’s stock worth $1,260,000 after purchasing an additional 410,000 shares during the period. 683 Capital Management LLC bought a new position in shares of ContraFect during the third quarter worth approximately $2,886,000. Finally, Fosun International Ltd bought a new position in shares of ContraFect during the third quarter worth approximately $9,435,000. 62.47% of the stock is owned by institutional investors.

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ContraFect Company Profile

ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that completed Phase 1 human clinical trials for the treatment of Staph aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible Staph aureus; and CF-404, a combination of human monoclonal antibodies (mAbs) for the treatment of life-threatening seasonal and pandemic varieties of human influenza.

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