Analysts Anticipate Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) Will Post Earnings of -$0.54 Per Share

Analysts forecast that Verrica Pharmaceuticals Inc. (NASDAQ:VRCAGet Rating) will announce earnings per share (EPS) of ($0.54) for the current quarter, according to Zacks. Zero analysts have issued estimates for Verrica Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($0.57) and the highest estimate coming in at ($0.49). Verrica Pharmaceuticals reported earnings of $0.02 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2,800%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Verrica Pharmaceuticals will report full year earnings of ($2.27) per share for the current financial year, with EPS estimates ranging from ($2.48) to ($2.00). For the next financial year, analysts expect that the company will report earnings of ($1.70) per share, with EPS estimates ranging from ($2.26) to ($1.26). Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Verrica Pharmaceuticals.

Verrica Pharmaceuticals (NASDAQ:VRCAGet Rating) last issued its earnings results on Wednesday, March 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.13.

VRCA has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating on shares of Verrica Pharmaceuticals in a research note on Monday, March 7th. Zacks Investment Research raised shares of Verrica Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, February 16th. Brookline Capital Management reaffirmed a “buy” rating on shares of Verrica Pharmaceuticals in a research note on Thursday, March 10th. Needham & Company LLC dropped their price objective on shares of Verrica Pharmaceuticals from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, March 3rd. Finally, Brookline Capital Acquisition assumed coverage on shares of Verrica Pharmaceuticals in a research report on Thursday, March 10th. They set a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.00.

NASDAQ VRCA traded down $0.15 on Monday, hitting $6.42. 6,921 shares of the company were exchanged, compared to its average volume of 67,032. The stock has a market capitalization of $176.67 million, a P/E ratio of -4.98 and a beta of 1.97. Verrica Pharmaceuticals has a 12 month low of $6.40 and a 12 month high of $14.79. The stock’s fifty day moving average is $8.01.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in shares of Verrica Pharmaceuticals by 307.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,579 shares of the company’s stock worth $32,000 after buying an additional 1,946 shares during the period. Citigroup Inc. lifted its stake in Verrica Pharmaceuticals by 163.1% during the 4th quarter. Citigroup Inc. now owns 4,296 shares of the company’s stock valued at $39,000 after acquiring an additional 2,663 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Verrica Pharmaceuticals during the 4th quarter valued at about $52,000. Barclays PLC lifted its stake in shares of Verrica Pharmaceuticals by 213.5% in the 3rd quarter. Barclays PLC now owns 5,352 shares of the company’s stock worth $67,000 after purchasing an additional 3,645 shares during the period. Finally, Truist Financial Corp bought a new position in shares of Verrica Pharmaceuticals in the 1st quarter worth approximately $92,000. 34.58% of the stock is currently owned by institutional investors and hedge funds.

Verrica Pharmaceuticals Company Profile (Get Rating)

Verrica Pharmaceuticals Inc, a dermatology therapeutics company, develops and commercializes treatments for people with skin diseases in the United States. The company's lead product candidate includes VP-102 for the treatment of molluscum contagiosum; that has completed Phase II clinical trial for the treatment of external genital warts; and which is in Phase II clinical trial for treating common warts.

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