Earnings Watch: Stocks Under $5

BOSTON (TheStreet) -- Investors in large-cap stocks are already looking ahead to October for the next round of earnings reports. Traders in stocks under $5, though, have their plates full over the next week.

Already this week, Jackson-Hewitt (JTX) and NetSol Technologies (NTWK) posted quarterly results. Jackson-Hewitt shares tanked while NetSol's surged.

TheStreet narrowed the list of companies investors should be watching to four, ranked by the average trading volume over the past 30 days.

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4. Peregrine Pharmaceuticals (PPHM)

Company Profile: Peregrine is a biopharmaceutical company that manufactures and develops monoclonal antibodies for the treatment of cancer and serious viral infections.

Earnings Reporting Date: Sept. 9 (confirmed)

Share Price: $1.34 (Sept. 8 close)

2010 Performance: -54%

Analyst Ratings: Peregrine is expected to report a loss of 11 cents a share and revenue of $5.83 million, based on a poll of four analysts by Thomson Reuters. Three analysts cover Peregrine, and each rates the stock a "buy." Two analysts have a price target of $10, which represents 600% upside from where the stock currently trades.

Income Statement: In July, Peregrine said it had a fiscal fourth-quarter loss of $7.7 million, or 16 cents a share, widening from a year-earlier loss of $3.6 million, or 9 cents a share. Revenue dropped to $4.4 million in the recent quarter, down from $7.9 million in the year-ago quarter.

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