Cibus (CBUS) Scheduled to Post Quarterly Earnings on Thursday

Cibus (NASDAQ:CBUS) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($1.01) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Cibus (NASDAQ:CBUS) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.12) by ($0.04). Cibus had a negative net margin of 14,729.06% and a negative return on equity of 22.70%. The business had revenue of $1.10 million during the quarter, compared to analyst estimates of $0.27 million. On average, analysts expect Cibus to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Cibus Price Performance

Cibus stock opened at $17.06 on Wednesday. Cibus has a 1-year low of $8.90 and a 1-year high of $38.85. The stock has a market cap of $368.84 million, a PE ratio of -0.75 and a beta of 1.99. The stock’s fifty day moving average is $18.51 and its two-hundred day moving average is $16.61.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Cibus in a research note on Friday, March 22nd.

About Cibus

Cibus, Inc, a agricultural biotechnology company, develops and licenses plant traits to seed companies for royalties. The company primarily focus on trait productivity in two areas, including productivity traits that enable farmers to have higher yields and reduce the use of the crop protection chemicals and fertilizers; and sustainable ingredients that enable corporations to replace ingredients that are fossil fuel based or whose production results in increased greenhouse gases.