$5.10 Million in Sales Expected for Viela Bio, Inc. (NASDAQ:VIE) This Quarter

Wall Street brokerages forecast that Viela Bio, Inc. (NASDAQ:VIE) will announce sales of $5.10 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Viela Bio’s earnings. The highest sales estimate is $6.00 million and the lowest is $3.90 million. The business is expected to issue its next quarterly earnings report on Wednesday, March 24th.

On average, analysts expect that Viela Bio will report full year sales of $8.06 million for the current fiscal year, with estimates ranging from $6.22 million to $9.29 million. For the next year, analysts expect that the company will report sales of $63.50 million, with estimates ranging from $44.44 million to $83.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Viela Bio.

Several analysts have recently weighed in on the stock. HC Wainwright decreased their price target on shares of Viela Bio from $75.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 12th. BidaskClub raised shares of Viela Bio from a “sell” rating to a “hold” rating in a research note on Thursday, November 5th.

Shares of Viela Bio stock traded up $0.08 on Monday, hitting $34.98. 191,721 shares of the company traded hands, compared to its average volume of 216,108. Viela Bio has a 52 week low of $23.69 and a 52 week high of $70.66. The company has a market capitalization of $1.92 billion and a PE ratio of -4.98.

About Viela Bio

Viela Bio, Inc, a clinical-stage biotechnology company, engages in the research and development of treatments for severe inflammation and autoimmune diseases in the United States. The company's lead product candidate is inebilizumab, a humanized monoclonal antibody for neuromyelitis optica spectrum disorder, kidney transplant desensitization, myasthenia gravis, and IgG4-related diseases.

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