Nektar Therapeutics (NKTR - Get Report) is expected to report a quarterly loss of 69 cents a share on sales of $27.7 million after the market closes on Wednesday, based on a FactSet survey of 11 analysts.

In the same period a year ago, the company posted a loss of 60 cents a share on sales of $38 million.

The stock has fallen 19.4% since the company last reported earnings on Feb. 28.

Quarterly estimates have fallen less than 1 cent a share in the past month.

Nektar Therapeutics is currently trading at a price-to-forward-earnings ratio of -11.7 based on the 12-month estimates of 12 analysts surveyed by FactSet.

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