Clearside Biomedical (CLSD) Set to Announce Quarterly Earnings on Tuesday

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Clearside Biomedical (NASDAQ:CLSD) will issue its quarterly earnings data after the market closes on Tuesday, March 12th. Analysts expect the company to announce earnings of ($0.56) per share for the quarter.

Shares of Clearside Biomedical stock opened at $1.40 on Tuesday. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.22. The company has a market cap of $47.72 million, a P/E ratio of -0.60 and a beta of -1.30. Clearside Biomedical has a 52 week low of $0.99 and a 52 week high of $15.33.

CLSD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Clearside Biomedical from an “overweight” rating to an “underweight” rating in a report on Monday, November 5th. Cowen restated a “hold” rating on shares of Clearside Biomedical in a report on Tuesday, January 22nd. ValuEngine downgraded Clearside Biomedical from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Stifel Nicolaus restated a “hold” rating and set a $4.00 target price (down previously from $20.00) on shares of Clearside Biomedical in a report on Monday, November 5th. Finally, Janney Montgomery Scott set a $4.00 target price on Clearside Biomedical and gave the company a “buy” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Clearside Biomedical has an average rating of “Hold” and an average price target of $11.28.

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About Clearside Biomedical

Clearside Biomedical, Inc, a late-stage clinical biopharmaceutical company, develops pharmacological therapies to treat blinding diseases of the eye. It is developing suprachoroidal injection of CLS-TA, a proprietary preservative-free formulation of the corticosteroid triamcinolone acetonide, which is in Phase III clinical trial for the treatment of macular edema associated with non-infectious uveitis; suprachoroidal injection of CLS-TA and a concomitant intravitreal injection of Eylea, an inhibitor of vascular endothelial growth factor that is in Phase III clinical trial to treat macular edema associated with retinal vein occlusion; and suprachoroidal injection of CLS-TA alone or together with intravitreal injection of Eylea that is in phase II clinical trial for diabetic macular edema.

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Earnings History for Clearside Biomedical (NASDAQ:CLSD)

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