HC Wainwright Brokers Reduce Earnings Estimates for Minerva Neurosciences, Inc. (NASDAQ:NERV)

Minerva Neurosciences, Inc. (NASDAQ:NERV) – Analysts at HC Wainwright decreased their Q2 2024 earnings per share estimates for Minerva Neurosciences in a research report issued on Thursday, May 2nd. HC Wainwright analyst D. Tsao now expects that the biopharmaceutical company will earn ($0.97) per share for the quarter, down from their prior forecast of ($0.77). HC Wainwright has a “Neutral” rating and a $7.00 price objective on the stock. The consensus estimate for Minerva Neurosciences’ current full-year earnings is ($1.89) per share. HC Wainwright also issued estimates for Minerva Neurosciences’ Q3 2024 earnings at ($0.73) EPS, Q4 2024 earnings at $0.95 EPS, FY2024 earnings at ($1.89) EPS, FY2025 earnings at ($3.60) EPS, FY2026 earnings at ($4.36) EPS, FY2027 earnings at ($1.05) EPS and FY2028 earnings at $0.66 EPS.

Separately, StockNews.com upgraded shares of Minerva Neurosciences from a “sell” rating to a “hold” rating in a report on Thursday.

Minerva Neurosciences Stock Performance

NASDAQ NERV opened at $2.37 on Monday. The firm has a market cap of $16.57 million, a price-to-earnings ratio of -0.53 and a beta of 0.27. The firm has a 50 day simple moving average of $2.66 and a 200-day simple moving average of $5.30. Minerva Neurosciences has a one year low of $2.29 and a one year high of $13.49.

Minerva Neurosciences (NASDAQ:NERV) last announced its earnings results on Wednesday, May 1st. The biopharmaceutical company reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.20) by $0.07.

Minerva Neurosciences Company Profile

Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases. Its lead product candidate is roluperidone (MIN-101) for the treatment of negative symptoms in patients with schizophrenia, currently submitted an New Drug Application (NDA); and MIN-301, a soluble recombinant form of the neuregulin-1b1 protein for the treatment of Parkinson's disease and other neurodegenerative disorders.