Xenon Pharmaceuticals Inc. (XENE) Expected to Post Earnings of -$0.48 Per Share

Equities analysts expect Xenon Pharmaceuticals Inc. (NASDAQ:XENE) to announce earnings per share (EPS) of ($0.48) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Xenon Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.49) and the highest estimate coming in at ($0.47). Xenon Pharmaceuticals reported earnings of ($0.43) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 11.6%. The firm is scheduled to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Xenon Pharmaceuticals will report full-year earnings of ($1.45) per share for the current financial year, with EPS estimates ranging from ($1.79) to ($1.21). For the next year, analysts expect that the business will post earnings of ($1.69) per share, with EPS estimates ranging from ($1.88) to ($1.49). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Xenon Pharmaceuticals.

Xenon Pharmaceuticals (NASDAQ:XENE) last issued its quarterly earnings results on Wednesday, March 7th. The biopharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.34). Xenon Pharmaceuticals had a negative net margin of 9,872.67% and a negative return on equity of 65.72%. The business had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $6.38 million.



A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Jefferies Group lifted their price target on shares of Xenon Pharmaceuticals to $6.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Sunday, January 21st. Finally, Stifel Nicolaus lifted their price target on shares of Xenon Pharmaceuticals from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.67.

NASDAQ XENE traded up $0.25 during trading hours on Thursday, reaching $5.25. 58,721 shares of the company’s stock traded hands, compared to its average volume of 71,162. Xenon Pharmaceuticals has a 52-week low of $2.10 and a 52-week high of $5.80. The stock has a market cap of $72.98, a P/E ratio of -3.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 10.98 and a quick ratio of 10.99.

Institutional investors have recently modified their holdings of the business. Sabby Management LLC raised its holdings in Xenon Pharmaceuticals by 7.1% in the fourth quarter. Sabby Management LLC now owns 329,400 shares of the biopharmaceutical company’s stock worth $931,000 after buying an additional 21,800 shares during the last quarter. K2 Principal Fund L.P. raised its holdings in Xenon Pharmaceuticals by 33.5% in the fourth quarter. K2 Principal Fund L.P. now owns 219,543 shares of the biopharmaceutical company’s stock worth $620,000 after buying an additional 55,033 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Xenon Pharmaceuticals by 59.2% in the fourth quarter. Renaissance Technologies LLC now owns 249,000 shares of the biopharmaceutical company’s stock worth $703,000 after buying an additional 92,600 shares during the last quarter. 64.62% of the stock is owned by institutional investors and hedge funds.

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About Xenon Pharmaceuticals

Xenon Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company. It is engaged in discovering and developing a pipeline of differentiated therapeutics for orphan indications. Its product pipeline includes: Glybera, TV-45070, GDC-0310, XEN901 (Nav1.6 inhibitor) and XEN1101. Glybera is used for the treatment of lipoprotein lipase deficiency (LPLD).

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Earnings History and Estimates for Xenon Pharmaceuticals (NASDAQ:XENE)

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