Brokerages Anticipate Field Trip Health Ltd. (NASDAQ:FTRP) Will Announce Earnings of -$0.18 Per Share

Brokerages forecast that Field Trip Health Ltd. (NASDAQ:FTRPGet Rating) will announce earnings of ($0.18) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Field Trip Health’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.20). The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Field Trip Health will report full-year earnings of ($0.72) per share for the current year, with EPS estimates ranging from ($0.76) to ($0.70). For the next year, analysts anticipate that the business will report earnings of ($0.74) per share, with EPS estimates ranging from ($0.95) to ($0.42). Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Field Trip Health.

Field Trip Health (NASDAQ:FTRPGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The business had revenue of $1.09 million during the quarter, compared to the consensus estimate of $1.35 million.

A number of research analysts have weighed in on FTRP shares. Stifel Nicolaus decreased their target price on shares of Field Trip Health from C$11.50 to C$10.50 in a research note on Thursday, February 17th. Zacks Investment Research downgraded shares of Field Trip Health from a “hold” rating to a “sell” rating in a report on Wednesday, January 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Scotia Capital Inc. acquired a new stake in Field Trip Health during the 3rd quarter worth about $219,000. Verition Fund Management LLC acquired a new stake in Field Trip Health in the 3rd quarter worth about $822,000. Point72 Asset Management L.P. acquired a new stake in Field Trip Health in the 3rd quarter worth about $4,515,000. Citadel Advisors LLC boosted its holdings in Field Trip Health by 296.2% in the 4th quarter. Citadel Advisors LLC now owns 47,252 shares of the company’s stock worth $117,000 after buying an additional 35,326 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Field Trip Health in the 4th quarter worth about $61,000. 16.84% of the stock is owned by hedge funds and other institutional investors.

FTRP stock opened at $0.77 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 9.41 and a current ratio of 9.41. Field Trip Health has a 12-month low of $0.71 and a 12-month high of $6.74. The business has a 50-day moving average price of $1.25.

Field Trip Health Company Profile (Get Rating)

Field Trip Health Ltd. engages in the development and delivery of psychedelic therapies in North America. The company operates Field Trip Health Centres that provide psychedelic therapies; offers Field Trip Digital apps; and Field Trip Discovery, a drug development division developing the next generation of psychedelic molecules.

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