Analysts Anticipate X4 Pharmaceuticals Inc (NASDAQ:XFOR) Will Announce Earnings of -$0.79 Per Share

Wall Street brokerages expect X4 Pharmaceuticals Inc (NASDAQ:XFOR) to post earnings of ($0.79) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for X4 Pharmaceuticals’ earnings. X4 Pharmaceuticals reported earnings per share of ($5.10) during the same quarter last year, which would indicate a positive year over year growth rate of 84.5%. The firm is scheduled to report its next earnings report on Monday, August 12th.

On average, analysts expect that X4 Pharmaceuticals will report full-year earnings of ($3.77) per share for the current fiscal year, with EPS estimates ranging from ($3.90) to ($3.64). For the next financial year, analysts forecast that the business will report earnings of ($3.80) per share, with EPS estimates ranging from ($3.84) to ($3.75). Zacks’ EPS calculations are an average based on a survey of analysts that cover X4 Pharmaceuticals.

X4 Pharmaceuticals (NASDAQ:XFOR) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($6.67) EPS for the quarter.

XFOR has been the subject of several analyst reports. Cowen initiated coverage on X4 Pharmaceuticals in a research note on Wednesday, June 5th. They issued an “outperform” rating for the company. Canaccord Genuity initiated coverage on X4 Pharmaceuticals in a research note on Tuesday, May 21st. They issued a “buy” rating and a $27.00 price objective for the company. Stifel Nicolaus initiated coverage on X4 Pharmaceuticals in a research note on Friday, June 7th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, ValuEngine upgraded X4 Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday.

A hedge fund recently bought a new stake in X4 Pharmaceuticals stock. Polaris Venture Management Co. V L.L.C. bought a new position in shares of X4 Pharmaceuticals Inc (NASDAQ:XFOR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 311,492 shares of the company’s stock, valued at approximately $5,423,000. X4 Pharmaceuticals accounts for approximately 4.6% of Polaris Venture Management Co. V L.L.C.’s portfolio, making the stock its 6th biggest holding. Polaris Venture Management Co. V L.L.C. owned approximately 2.51% of X4 Pharmaceuticals at the end of the most recent reporting period. 14.40% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:XFOR traded down $0.19 during midday trading on Monday, hitting $11.11. The company had a trading volume of 14,092 shares, compared to its average volume of 12,737. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.59 and a quick ratio of 1.59. X4 Pharmaceuticals has a 12-month low of $6.90 and a 12-month high of $29.46. The business has a fifty day simple moving average of $14.28.

About X4 Pharmaceuticals

X4 Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics for the treatment of primary immune-deficiencies and cancer. Its lead drug candidate is mavorixafor (X4P-001), an oral small molecule antagonists of chemokine receptor CXCR4, which is in Phase I clinical trial to treat severe congenital neutropenia; Phase I/II clinical trial for the treatment of Waldenström macroglobulinemia; and Phase IIa clinical trial to treat clear cell renal cell carcinoma, as well as that has completed Phase II clinical trial for the treatment of patients with warts, hypogammaglobulinemia, infections, and myelokathexis syndrome.

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