Can-Fite Biopharma Ltd (CANF) Expected to Post Earnings of -$0.13 Per Share

Wall Street brokerages forecast that Can-Fite Biopharma Ltd (NASDAQ:CANF) will announce earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Can-Fite Biopharma’s earnings. Can-Fite Biopharma posted earnings of ($0.10) per share during the same quarter last year, which would indicate a negative year over year growth rate of 30%. The business is expected to report its next earnings results on Friday, June 7th.

According to Zacks, analysts expect that Can-Fite Biopharma will report full-year earnings of ($0.55) per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $0.12 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Can-Fite Biopharma.

Separately, HC Wainwright reissued a “buy” rating on shares of Can-Fite Biopharma in a report on Tuesday, March 26th.

NASDAQ:CANF traded down $0.01 during midday trading on Wednesday, hitting $0.55. 1,100 shares of the stock were exchanged, compared to its average volume of 307,727. Can-Fite Biopharma has a one year low of $0.54 and a one year high of $1.73.

About Can-Fite Biopharma

Can-Fite BioPharma Ltd., a clinical-stage biopharmaceutical company, develops small molecule therapeutic products for the treatment of autoimmune-inflammatory, oncological, and liver diseases, as well as sexual dysfunction. The company's lead drug candidate is CF101, which is in Phase III clinical trials for the treatment of rheumatoid arthritis and psoriasis.

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