$6.53 Million in Sales Expected for Prothena Corp (PRTA) This Quarter

Wall Street analysts expect Prothena Corp (NASDAQ:PRTA) to post $6.53 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Prothena’s earnings, with the highest sales estimate coming in at $25.38 million and the lowest estimate coming in at $200,000.00. Prothena posted sales of $260,000.00 in the same quarter last year, which suggests a positive year over year growth rate of 2,411.5%. The firm is scheduled to issue its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Prothena will report full-year sales of $26.14 million for the current financial year, with estimates ranging from $900,000.00 to $101.55 million. For the next year, analysts anticipate that the company will post sales of $102.33 million per share, with estimates ranging from $25.95 million to $203.80 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Prothena.

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Prothena (NASDAQ:PRTA) last posted its quarterly earnings results on Wednesday, February 14th. The biotechnology company reported ($1.24) EPS for the quarter, topping the consensus estimate of ($1.48) by $0.24. Prothena had a negative return on equity of 33.37% and a negative net margin of 556.84%. The business had revenue of $0.23 million for the quarter, compared to analyst estimates of $0.27 million. During the same quarter in the previous year, the firm earned ($1.41) EPS. The company’s quarterly revenue was up 33.9% compared to the same quarter last year.

Several research analysts have recently commented on PRTA shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $69.00 price target on shares of Prothena in a report on Wednesday, March 21st. ValuEngine lowered Prothena from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. BidaskClub upgraded Prothena from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Oppenheimer set a $70.00 price target on Prothena and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Barclays reduced their price target on Prothena from $70.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Prothena has a consensus rating of “Buy” and a consensus price target of $73.18.

Shares of NASDAQ PRTA traded up $0.28 during trading on Friday, hitting $38.25. 30,522 shares of the company were exchanged, compared to its average volume of 540,256. Prothena has a 12-month low of $27.19 and a 12-month high of $70.00. The firm has a market cap of $1,464.29, a PE ratio of -9.41 and a beta of 2.70.

A number of institutional investors and hedge funds have recently modified their holdings of PRTA. New York State Common Retirement Fund raised its holdings in Prothena by 128.1% in the 3rd quarter. New York State Common Retirement Fund now owns 94,900 shares of the biotechnology company’s stock valued at $6,147,000 after buying an additional 53,300 shares during the period. Russell Investments Group Ltd. raised its holdings in Prothena by 10.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 37,325 shares of the biotechnology company’s stock valued at $2,417,000 after buying an additional 3,449 shares during the period. Legal & General Group Plc raised its holdings in Prothena by 15.0% in the 3rd quarter. Legal & General Group Plc now owns 15,761 shares of the biotechnology company’s stock valued at $1,020,000 after buying an additional 2,053 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Prothena by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 172,578 shares of the biotechnology company’s stock valued at $11,178,000 after buying an additional 8,897 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Prothena by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 60,700 shares of the biotechnology company’s stock valued at $3,932,000 after buying an additional 1,100 shares during the period.

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Prothena Company Profile

Prothena Corporation plc, a late-stage clinical biotechnology company, focuses on the discovery, development, and commercialization of novel immunotherapies for the treatment of diseases in the neuroscience and orphan categories. The company is developing antibody-based product candidates that include NEOD001, a monoclonal antibody that is in Phase III and Phase IIb clinical trials for the treatment of AL amyloidosis; PRX002/RG7935 that is in Phase II clinical trial for treating Parkinson's disease and other related synucleinopathies; and PRX004, a monoclonal antibody that is under preclinical development for the treatment of ATTR Amyloidosis.

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Earnings History and Estimates for Prothena (NASDAQ:PRTA)

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