Analysts Offer Predictions for Presbia PLC’s Q3 2016 Earnings (LENS)

Presbia PLC (NASDAQ:LENS) – Stock analysts at Jefferies Group reduced their Q3 2016 earnings estimates for Presbia PLC in a research report issued on Monday. Jefferies Group analyst R. Denhoy now forecasts that the brokerage will post earnings per share of ($0.29) for the quarter, down from their previous forecast of ($0.26). Jefferies Group has a “Market Outperform” rating on the stock. Jefferies Group also issued estimates for Presbia PLC’s Q4 2016 earnings at ($0.29) EPS, FY2016 earnings at ($1.15) EPS, FY2017 earnings at ($0.69) EPS and FY2018 earnings at ($0.40) EPS.

A number of other brokerages have also commented on LENS. TheStreet lowered Presbia PLC from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Zacks Investment Research upgraded Presbia PLC from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Rodman & Renshaw set a $14.00 price target on Presbia PLC and gave the stock a “buy” rating in a report on Thursday, July 21st.

Shares of Presbia PLC (NASDAQ:LENS) opened at 4.51 on Thursday. Presbia PLC has a 52-week low of $2.94 and a 52-week high of $6.89. The firm’s market cap is $60.15 million. The stock’s 50 day moving average is $4.40 and its 200-day moving average is $4.53.

About Presbia PLC

Presbia PLC is an ophthalmic device company. The Company develops and markets an optical lens implant for treating presbyopia, the age-related loss of the ability to focus on near objects. The Company’s segment is the restoration of clear vision caused by presbyopia. The Company provides the refractive lens for patient surgeries and accessories for procedures performed exclusively outside the United States.

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