-$0.73 Earnings Per Share Expected for TearLab Corporation (TEAR) This Quarter
Wall Street brokerages expect TearLab Corporation (NASDAQ:TEAR) to post earnings per share (EPS) of ($0.73) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for TearLab Corporation’s earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($0.77). TearLab Corporation posted earnings per share of ($1.00) during the same quarter last year, which would indicate a positive year-over-year growth rate of 27%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that TearLab Corporation will report full-year earnings of ($2.75) per share for the current financial year, with EPS estimates ranging from ($2.88) to ($2.62). For the next financial year, analysts expect that the company will post earnings of ($1.39) per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow TearLab Corporation.
TearLab Corporation (NASDAQ:TEAR) last released its earnings results on Monday, May 15th. The medical research company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.75) by $0.07. The company had revenue of $6.70 million for the quarter, compared to analyst estimates of $7.02 million. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) EPS.
A number of research analysts recently issued reports on TEAR shares. Zacks Investment Research raised shares of TearLab Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, March 16th. HC Wainwright set a $12.00 price target on shares of TearLab Corporation and gave the company a “buy” rating in a research report on Sunday, March 12th. Finally, Rodman & Renshaw lowered their price target on shares of TearLab Corporation from $12.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TearLab Corporation has an average rating of “Buy” and a consensus target price of $5.05.
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TearLab Corporation (TEAR) traded up 1.76% during trading on Monday, reaching $1.73. 1,510 shares of the company traded hands. TearLab Corporation has a 12-month low of $1.55 and a 12-month high of $9.00. The firm’s 50 day moving average price is $1.90 and its 200 day moving average price is $3.62. The firm’s market capitalization is $9.92 million.
TearLab Corporation Company Profile
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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