EMERYVILLE, Calif., Feb. 26, 2018 (GLOBE NEWSWIRE) -- Amyris, Inc. (Nasdaq:AMRS) will report financial results for the fourth quarter and fiscal year ended December 31, 2017 after market close on Thursday, March 15, 2018. The company noted that it has completed fiscal 2017 above expectations and expects to report anticipated unaudited full-year revenue above the high end of the company's prior anticipated annual revenue outlook of $130-132 million and with gross margin to significantly exceed the stated 2017 target of above 50 percent for the company. As a result of closing a significant transaction with DSM late in December 2017, Amyris noted that it requires additional time to complete customary year-end closing procedures prior to reporting financial results.
The company will hold its quarterly conference call to discuss these results, as well as provide an update on the company's business and outlook, at 4:30 p.m. ET (1:30 p.m. PT) on Thursday, March 15, 2018.
We choose AMRS stock tonight to be on our hot list for long-term investments. Amyris is the integrated renewable products company that is enabling the world’s leading brands to achieve sustainable growth.So what do we think about this stock? We rate this stock on Buy/strong hold. The possible functional price entry might be starting from 4.80 up to 5.30, potential price target for the next 30 days is 6.75 $. Our expectation for the stock price for the next 90 days is 9 $.
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