KalVista Pharmaceuticals Gears Up for First Quarter Earnings
KalVista Pharmaceuticals Set to Release Earnings
KalVista Pharmaceuticals, Inc. (NASDAQ: KALV) is preparing to unveil its earnings results for the first quarter. It's expected to happen prior to the opening bell on an upcoming Thursday.
Quarterly Loss Expectations
Analysts have forecasted that the company, based in Cambridge, Massachusetts, will announce a quarterly loss of approximately 96 cents per share. In comparison, this reflects a decline from a loss of 87 cents per share reported in the previous year. Revenue expectations for this quarter stand at around $2.09 million, according to recent analyst data.
Updates on Key Drug Designation
On a more positive note, the company disclosed that it has maintained the Orphan Designation for its drug Sebetralstat within the European Union. This is crucial for the company as it aims to provide therapies for rare diseases.
Recent Stock Performance Overview
Recently, KalVista Pharmaceuticals experienced a minor setback with its shares declining by 2.2%, closing at $15.61. The stock's volatility is something potential investors should keep in mind as they consider their involvement.
Insights from Top Analysts
As speculative excitement builds around upcoming earnings, let’s look at what analysts are saying regarding KalVista Pharmaceuticals and its potential as an investment option.
Analyst Ratings and Price Targets
- HC Wainright & Co. analyst Andrew Fein maintained a Buy rating, projecting a price target of $27.
- JMP Securities analyst Jonathan Wolleben kept a Market Outperform rating with an increased price target of $27, raised from $19.
- Leerink Partners' Joseph Schwartz also maintained an Outperform rating and adjusted his target from $18 to $20.
- Needham analyst Serge Belanger reaffirmed a Buy rating with a price target of $28.
- Lastly, Jonathan Wolleben from Citizens Capital Markets reiterated a Market Outperform rating with a price target of $19.
These ratings illustrate a generally optimistic outlook for KalVista Pharmaceuticals, suggesting there is potential for growth and a positive response to the upcoming earnings report.
Considering an Investment in KALV?
For those contemplating an investment in KALV stock, these analyst insights could provide useful information as they evaluate the company's direction ahead of the earnings call.
Frequently Asked Questions
What are analysts expecting for KalVista's earnings?
Analysts predict a loss of 96 cents per share for the upcoming earnings release, along with expected revenue of $2.09 million.
How has KalVista's stock performed recently?
Recently, KalVista's stock fell by 2.2%, closing at $15.61.
What is the significance of the Orphan Designation maintained by KalVista?
The Orphan Designation allows KalVista to focus on developing treatments for rare diseases, which may provide competitive advantages in regulatory support and market exclusivity.
What are some recent price targets set by analysts for KALV?
Analysts have set targets ranging from $19 to $28, with positive ratings suggesting strong potential for growth.
How can I stay updated on KalVista Pharmaceuticals?
Investors can follow market news, check analyst ratings, and monitor earnings reports for continuous updates on KalVista Pharmaceuticals.
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