TESARO Inc (TSRO) Expected to Post Earnings of -$2.62 Per Share
Wall Street analysts expect that TESARO Inc (NASDAQ:TSRO) will post earnings of ($2.62) per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for TESARO’s earnings, with estimates ranging from ($3.12) to ($2.02). TESARO reported earnings per share of ($1.28) during the same quarter last year, which suggests a negative year over year growth rate of 104.7%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that TESARO will report full-year earnings of ($8.55) per share for the current year, with EPS estimates ranging from ($10.26) to ($5.48). For the next financial year, analysts forecast that the firm will post earnings of ($3.96) per share, with EPS estimates ranging from ($7.47) to ($0.57). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow TESARO.
TESARO (NASDAQ:TSRO) last posted its quarterly earnings results on Tuesday, May 9th. The biopharmaceutical company reported ($2.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.26) by $0.29. The business had revenue of $3.10 million for the quarter, compared to the consensus estimate of $3.84 million. TESARO had a negative net margin of 798.68% and a negative return on equity of 141.88%. TESARO’s revenue was up 909.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.22) earnings per share.
Several equities analysts have commented on TSRO shares. Oppenheimer Holdings Inc. started coverage on shares of TESARO in a research report on Thursday. They issued an “outperform” rating and a $183.00 price target for the company. Zacks Investment Research raised shares of TESARO from a “sell” rating to a “hold” rating in a research report on Friday, March 31st. Royal Bank of Canada raised their price target on shares of TESARO from $142.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. FBR & Co decreased their price target on shares of TESARO from $202.00 to $200.00 and set a “mkt perform” rating for the company in a research report on Wednesday, May 10th. Finally, Cowen and Company set a $155.00 price target on shares of TESARO and gave the company a “hold” rating in a research report on Saturday, February 25th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TESARO presently has an average rating of “Buy” and an average price target of $172.86.
TESARO (NASDAQ:TSRO) traded down 2.66% during midday trading on Friday, reaching $149.11. The company’s stock had a trading volume of 675,370 shares. The stock’s 50 day moving average price is $145.05 and its 200-day moving average price is $150.07. The stock’s market cap is $8.03 billion. TESARO has a one year low of $36.71 and a one year high of $192.94.
In related news, SVP Martin H. Jr. Huber sold 829 shares of TESARO stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $153.02, for a total transaction of $126,853.58. Following the sale, the senior vice president now directly owns 6,522 shares in the company, valued at approximately $997,996.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edward C. English sold 229 shares of TESARO stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $177.61, for a total transaction of $40,672.69. Following the sale, the vice president now owns 625 shares in the company, valued at $111,006.25. The disclosure for this sale can be found here. Insiders have sold a total of 16,432 shares of company stock worth $2,902,602 over the last quarter. 40.50% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC bought a new stake in shares of TESARO during the first quarter valued at approximately $351,000. Capital Analysts LLC bought a new stake in shares of TESARO during the fourth quarter valued at approximately $134,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of TESARO during the fourth quarter valued at approximately $134,000. Meeder Asset Management Inc. bought a new stake in shares of TESARO during the first quarter valued at approximately $177,000. Finally, Soros Fund Management LLC bought a new stake in shares of TESARO during the first quarter valued at approximately $262,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.
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TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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