Crescent Biopharma (NASDAQ:CBIO) Releases Quarterly Earnings Results, Misses Expectations By $2.24 EPS

Crescent Biopharma (NASDAQ:CBIO - Get Free Report) released its earnings results on Thursday. The biopharmaceutical company reported ($4.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.69) by ($2.24), Zacks reports.Get Crescent Biopharma alerts:Crescent Biopharma Stock Down 3.4%Shares of CBIO stock opened at $12.00 on Friday. The company has a market capitalization of $234.60 million, a price-to-earnings ratio of -0.34 and a beta of 1.51. Crescent Biopharma has a fifty-two week low of $11.06 and a fifty-two week high of $63.00. Wall Street Analyst Weigh InCBIO has been the topic of several analyst reports. TD Cowen raised Crescent Biopharma to a "strong-buy" rating in a report on Friday, June 20th. Wedbush initiated coverage on Crescent Biopharma in a research note on Monday, July 14th. They issued an "outperform" rating and a $27.00 price objective on the stock. Wall Street Zen lowered Crescent Biopharma from a "hold" rating to a "sell" rating in a research note on Saturday. Lifesci Capital raised Crescent Biopharma to a "strong-buy" rating and set a $22.00 price objective on the stock in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus initiated coverage on Crescent Biopharma in a research note on Wednesday, June 25th. They issued a "buy" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Crescent Biopharma has a consensus rating of "Buy" and an average price target of $25.67.Check Out Our Latest Stock Analysis on CBIOAbout Crescent Biopharma (Get Free Report)Crescent Biopharma, Inc operates as a biopharmaceutical company that develops and designs small molecule therapeutics to treat cancers. The company was founded on September 19, 2024 and is headquartered in Waltham, MA. See AlsoFive stocks we like better than Crescent BiopharmaStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedIs PG&E an AI Power Play? Why Options Traders Are Betting BigHow Can Investors Benefit From After-Hours TradingMarketBeat Week in Review – 07/28 - 08/01Most active stocks: Dollar volume vs share volumeWill Hims & Hers Fall Along With Novo Nordisk?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Crescent Biopharma Right Now?Before you consider Crescent Biopharma, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crescent Biopharma wasn't on the list.While Crescent Biopharma currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here