HC Wainwright Expects Higher Earnings for Spero Therapeutics

Spero Therapeutics, Inc. (NASDAQ:SPRO - Free Report) - Equities research analysts at HC Wainwright boosted their Q3 2024 earnings estimates for shares of Spero Therapeutics in a report issued on Monday, November 4th. HC Wainwright analyst R. Selvaraju now anticipates that the company will earn $0.02 per share for the quarter, up from their previous estimate of ($0.38). HC Wainwright has a "Buy" rating and a $5.00 price target on the stock. The consensus estimate for Spero Therapeutics' current full-year earnings is ($1.59) per share. HC Wainwright also issued estimates for Spero Therapeutics' Q4 2024 earnings at ($0.21) EPS, FY2024 earnings at ($0.75) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at ($0.33) EPS.

Spero Therapeutics (NASDAQ:SPRO - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.01. Spero Therapeutics had a return on equity of 25.67% and a net margin of 14.74%. The company had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.80 million. During the same quarter last year, the company earned ($0.23) EPS.

Several other equities analysts have also recently weighed in on the stock. TD Cowen raised shares of Spero Therapeutics from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Cantor Fitzgerald restated an "overweight" rating on shares of Spero Therapeutics in a research report on Tuesday, August 6th.

Spero Therapeutics Stock Performance

SPRO remained flat at $1.31 during trading on Wednesday. 196,962 shares of the company's stock were exchanged, compared to its average volume of 217,088. The stock has a market capitalization of $70.73 million, a P/E ratio of 3.97 and a beta of 0.63. Spero Therapeutics has a twelve month low of $1.01 and a twelve month high of $1.89. The business's 50-day simple moving average is $1.30 and its two-hundred day simple moving average is $1.37.

Hedge Funds Weigh In On Spero Therapeutics

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Spero Therapeutics during the first quarter valued at $31,000. Renaissance Technologies LLC grew its holdings in Spero Therapeutics by 14.2% during the 2nd quarter. Renaissance Technologies LLC now owns 975,952 shares of the company's stock valued at $1,269,000 after purchasing an additional 121,492 shares during the last quarter. Acadian Asset Management LLC raised its position in Spero Therapeutics by 121.8% in the 1st quarter. Acadian Asset Management LLC now owns 762,598 shares of the company's stock worth $1,310,000 after purchasing an additional 418,742 shares during the period. Murchinson Ltd. raised its position in Spero Therapeutics by 1.3% in the 1st quarter. Murchinson Ltd. now owns 873,910 shares of the company's stock worth $1,503,000 after purchasing an additional 11,210 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Spero Therapeutics by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,653,432 shares of the company's stock worth $2,844,000 after purchasing an additional 9,675 shares during the last quarter. 25.60% of the stock is owned by hedge funds and other institutional investors.

About Spero Therapeutics

Spero Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant (MDR) bacterial infections and rare diseases in the United States. The company's product candidates include tebipenem pivoxil hydrobromide (HBr), an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults; SPR206, an intravenous-administered antibiotic against MDR Gram-negative pathogens comprising carbapenem-resistant enterobacterales (CRE), acinetobacter baumannii, and pseudomonas aeruginosa, as well as negative bacterial infections in the hospital setting; and SPR720, a novel oral antibiotic agent for the treatment of non-tuberculous mycobacterial pulmonary disease.