AquaBounty Technologies (AQB) Expected to Announce Quarterly Sales of $210,000.00

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Wall Street analysts forecast that AquaBounty Technologies (NYSE:AQB) will report $210,000.00 in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for AquaBounty Technologies’ earnings. The highest sales estimate is $410,000.00 and the lowest is $10,000.00. AquaBounty Technologies reported sales of $20,000.00 during the same quarter last year, which indicates a positive year-over-year growth rate of 950%. The firm is scheduled to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that AquaBounty Technologies will report full year sales of $830,000.00 for the current year, with estimates ranging from $40,000.00 to $1.62 million. For the next fiscal year, analysts anticipate that the business will report sales of $0.00. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for AquaBounty Technologies.

AquaBounty Technologies (NYSE:AQB) last posted its earnings results on Thursday, March 7th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.09). The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.12 million.

Separately, National Securities dropped their price objective on AquaBounty Technologies from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Wednesday, March 20th.

Shares of AQB stock traded down $0.01 during mid-day trading on Friday, hitting $2.29. 480 shares of the stock were exchanged, compared to its average volume of 325,875. AquaBounty Technologies has a 12-month low of $1.51 and a 12-month high of $5.45.

About AquaBounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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