Zacks: Brokerages Expect Evoke Pharma Inc (EVOK) to Announce -$0.17 EPS

Wall Street brokerages expect Evoke Pharma Inc (NASDAQ:EVOK) to announce earnings of ($0.17) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Evoke Pharma’s earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at ($0.14). Evoke Pharma reported earnings per share of ($0.14) during the same quarter last year, which indicates a negative year over year growth rate of 21.4%. The company is expected to announce its next earnings results on Monday, May 21st.

According to Zacks, analysts expect that Evoke Pharma will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.42) to $1.16. For the next year, analysts anticipate that the business will report earnings of $0.23 per share, with EPS estimates ranging from ($0.83) to $1.85. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Evoke Pharma.

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Evoke Pharma (NASDAQ:EVOK) last announced its earnings results on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.21.

Several research analysts recently commented on EVOK shares. Zacks Investment Research upgraded shares of Evoke Pharma from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Evoke Pharma in a report on Tuesday, March 6th. Finally, B. Riley restated a “buy” rating and set a $5.00 price objective (down previously from $10.00) on shares of Evoke Pharma in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $7.71.

Several large investors have recently bought and sold shares of EVOK. Creative Planning bought a new position in shares of Evoke Pharma during the 4th quarter worth about $226,000. B. Riley Financial Inc. bought a new position in shares of Evoke Pharma during the 4th quarter worth about $249,000. 683 Capital Management LLC bought a new position in shares of Evoke Pharma during the 4th quarter worth about $258,000. Deutsche Bank AG bought a new position in shares of Evoke Pharma during the 4th quarter worth about $452,000. Finally, Vanguard Group Inc. increased its holdings in shares of Evoke Pharma by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock worth $1,341,000 after purchasing an additional 68,544 shares during the period. Institutional investors own 18.42% of the company’s stock.

Shares of EVOK opened at $2.14 on Friday. The firm has a market capitalization of $33.16, a P/E ratio of -2.58 and a beta of 1.38. Evoke Pharma has a one year low of $1.85 and a one year high of $4.09.

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About Evoke Pharma

Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.

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Earnings History and Estimates for Evoke Pharma (NASDAQ:EVOK)

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