Unity Biotechnology (UBX) to Release Earnings on Wednesday

Unity Biotechnology (NASDAQ:UBX) is scheduled to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Unity Biotechnology to post earnings of ($0.44) per share for the quarter.

Unity Biotechnology (NASDAQ:UBX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.03. On average, analysts expect Unity Biotechnology to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of UBX opened at $6.67 on Tuesday. Unity Biotechnology has a 52 week low of $6.42 and a 52 week high of $24.56. The firm has a market cap of $291.77 million, a price-to-earnings ratio of -2.63 and a beta of -0.28. The firm has a 50-day moving average of $8.12.

A number of brokerages recently commented on UBX. ValuEngine upgraded shares of Unity Biotechnology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley set a $14.00 target price on shares of Unity Biotechnology and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Zacks Investment Research upgraded shares of Unity Biotechnology from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.50.

About Unity Biotechnology

Unity Biotechnology, Inc, a biotechnology company, engages in the research and development of therapeutics to extend human health span. The company's lead drug candidates include UBX0101 that is in Phase 1 clinical study for musculoskeletal disease; and UBX1967 for ophthalmologic diseases. It is also developing programs in pulmonary disorders.

Further Reading: Quick Ratio

Earnings History for Unity Biotechnology (NASDAQ:UBX)

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