Allogene Therapeutics (NASDAQ:ALLO – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.35) per share for the quarter.
Allogene Therapeutics (NASDAQ:ALLO – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.03. The business had revenue of $0.02 million for the quarter, compared to analyst estimates of $0.01 million. Allogene Therapeutics had a negative return on equity of 50.81% and a negative net margin of 223,139.98%. The company’s quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.68) EPS. On average, analysts expect Allogene Therapeutics to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Allogene Therapeutics Price Performance
Shares of NASDAQ:ALLO opened at $2.94 on Thursday. The business’s 50 day simple moving average is $2.56 and its 200-day simple moving average is $3.44. The firm has a market capitalization of $614.46 million, a price-to-earnings ratio of -1.64 and a beta of 0.85. Allogene Therapeutics has a 12 month low of $2.01 and a 12 month high of $5.78.
Insider Buying and Selling at Allogene Therapeutics
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Piper Sandler assumed coverage on Allogene Therapeutics in a research note on Friday, May 31st. They issued an “overweight” rating and a $11.00 target price on the stock. HC Wainwright reduced their target price on Allogene Therapeutics from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Truist Financial reaffirmed a “buy” rating and issued a $17.00 target price on shares of Allogene Therapeutics in a research note on Wednesday, May 15th. Oppenheimer reduced their target price on Allogene Therapeutics from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. Finally, Stifel Nicolaus upped their target price on Allogene Therapeutics from $4.40 to $4.60 and gave the company a “hold” rating in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.95.
Get Our Latest Stock Report on Allogene Therapeutics
About Allogene Therapeutics
Allogene Therapeutics, Inc, a clinical stage immuno-oncology company, develops and commercializes genetically engineered allogeneic T cell therapies for the treatment of cancer. It develops, manufactures, and commercializes UCART19, an allogeneic chimeric antigen receptor (CAR) T cell product candidate for the treatment of pediatric and adult patients with R/R CD19 positive B-cell acute lymphoblastic leukemia (ALL).
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