U.S. markets closed
  • S&P 500

    4,185.47
    +15.05 (+0.36%)
     
  • Dow 30

    34,200.67
    +164.68 (+0.48%)
     
  • Nasdaq

    14,052.34
    +13.58 (+0.10%)
     
  • Russell 2000

    2,262.67
    +5.60 (+0.25%)
     
  • Crude Oil

    63.07
    -0.39 (-0.61%)
     
  • Gold

    1,777.30
    +10.50 (+0.59%)
     
  • Silver

    26.04
    +0.08 (+0.29%)
     
  • EUR/USD

    1.1980
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.5730
    +0.0430 (+2.81%)
     
  • GBP/USD

    1.3840
    +0.0056 (+0.41%)
     
  • USD/JPY

    108.7830
    +0.0670 (+0.06%)
     
  • BTC-USD

    54,122.89
    -7,618.13 (-12.34%)
     
  • CMC Crypto 200

    1,398.97
    +7.26 (+0.52%)
     
  • FTSE 100

    7,019.53
    +36.03 (+0.52%)
     
  • Nikkei 225

    29,683.37
    +40.68 (+0.14%)
     

Merrimack Pharmaceuticals Q3 Earnings Preview

  • Oops!
    Something went wrong.
    Please try again later.
Benzinga Newsdesk
  • Oops!
    Something went wrong.
    Please try again later.

On Wednesday, Nov. 7, Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Analysts are expecting Merrimack Pharmaceuticals to report a loss of 27 cents per share. Revenue will likely be around $13.67 million, according to the consensus estimate.

In the same quarter last year, Merrimack Pharmaceuticals reported earnings per share loss of 40 cents on revenue of $6 million. Here's how the company's EPS has stacked up against analyst estimates in the past:

View more earnings on MACK

Quarter

Q2 2018

Q1 2018

Q4 2017

Q3 2017

EPS Estimate

-1.28

-1.16

-0.28

-1.88

EPS Actual

-1.33

-1.33

-0.89

-0.4

Stock Performance

Over the past 52-week period, shares of Merrimack Pharmaceuticals have declined 63.79 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Merrimack Pharmaceuticals stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

See more from Benzinga

© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.