$2.65 Million in Sales Expected for Vir Biotechnology, Inc. (NASDAQ:VIR) This Quarter

Wall Street analysts predict that Vir Biotechnology, Inc. (NASDAQ:VIR) will report $2.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Vir Biotechnology’s earnings, with the highest sales estimate coming in at $2.80 million and the lowest estimate coming in at $2.50 million. Vir Biotechnology reported sales of $980,000.00 in the same quarter last year, which indicates a positive year-over-year growth rate of 170.4%. The business is expected to report its next quarterly earnings report on Thursday, March 25th.

According to Zacks, analysts expect that Vir Biotechnology will report full-year sales of $78.18 million for the current fiscal year, with estimates ranging from $77.13 million to $80.00 million. For the next year, analysts forecast that the company will report sales of $92.20 million, with estimates ranging from $5.00 million to $179.40 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Vir Biotechnology.

Separately, BidaskClub downgraded Vir Biotechnology from a “hold” rating to a “sell” rating in a research report on Tuesday, November 3rd.

VIR traded up $0.30 during midday trading on Monday, hitting $29.02. 492,580 shares of the company were exchanged, compared to its average volume of 1,169,562. The company has a market capitalization of $3.70 billion and a P/E ratio of -4.61. Vir Biotechnology has a 1-year low of $11.65 and a 1-year high of $75.00.

Vir Biotechnology Company Profile

Vir Biotechnology, Inc, a clinical-stage immunology company, develops therapeutic products to treat and prevent serious infectious diseases. It develops VIR-2218 and VIR-3434 for the treatment of hepatitis B virus; VIR-2482 for the prevention of influenza A virus; VIR-1111 for the prevention of human immunodeficiency virus; and VIR-2020 for the prevention of tuberculosis.

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