Analysts expect that Flex Pharma Inc (NASDAQ:FLKS) will post $300,000.00 in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Flex Pharma’s earnings, with the highest sales estimate coming in at $400,000.00 and the lowest estimate coming in at $250,000.00. Flex Pharma reported sales of $240,000.00 during the same quarter last year, which would suggest a positive year over year growth rate of 25%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Flex Pharma will report full year sales of $1.42 million for the current year, with estimates ranging from $1.36 million to $1.50 million. For the next year, analysts anticipate that the business will report sales of $11.30 million per share, with estimates ranging from $1.56 million to $26.73 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Flex Pharma.
Flex Pharma (NASDAQ:FLKS) last announced its quarterly earnings data on Wednesday, March 7th. The biotechnology company reported ($0.46) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.10. The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.36 million. Flex Pharma had a negative return on equity of 85.02% and a negative net margin of 2,698.59%.
A number of institutional investors and hedge funds have recently bought and sold shares of FLKS. Granite Point Capital Management L.P. grew its position in Flex Pharma by 80.8% during the 4th quarter. Granite Point Capital Management L.P. now owns 71,520 shares of the biotechnology company’s stock worth $250,000 after acquiring an additional 31,961 shares during the last quarter. Renaissance Technologies LLC grew its position in Flex Pharma by 67.1% during the 4th quarter. Renaissance Technologies LLC now owns 89,900 shares of the biotechnology company’s stock worth $314,000 after acquiring an additional 36,100 shares during the last quarter. Ameriprise Financial Inc. grew its position in Flex Pharma by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 720,524 shares of the biotechnology company’s stock worth $2,457,000 after acquiring an additional 65,699 shares during the last quarter. Finally, Sphera Funds Management LTD. grew its position in Flex Pharma by 70.7% during the 4th quarter. Sphera Funds Management LTD. now owns 241,211 shares of the biotechnology company’s stock worth $4,339,000 after acquiring an additional 99,911 shares during the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.
Shares of NASDAQ FLKS traded up $0.13 during trading hours on Friday, reaching $5.62. 11,864 shares of the stock traded hands, compared to its average volume of 88,657. Flex Pharma has a 52-week low of $2.68 and a 52-week high of $8.98.
Flex Pharma Company Profile
Flex Pharma, Inc, a biotechnology company, develops and commercializes products for the treatment of muscle cramps and spasms associated with neurological conditions and exercise-associated muscle cramps in the United States. The company operates through two segments, Consumer Operations and Drug Development.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Flex Pharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex Pharma and related companies with MarketBeat.com's FREE daily email newsletter.