TearLab Corporation (TEAR) Scheduled to Post Quarterly Earnings on Monday
TearLab Corporation (NASDAQ:TEAR) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 14th. Analysts expect the company to announce earnings of ($0.75) per share for the quarter.
TearLab Corporation (NASDAQ:TEAR) last announced its quarterly earnings results on Monday, May 15th. The medical research company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.07. The company had revenue of $6.70 million during the quarter, compared to analysts’ expectations of $7.02 million. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. On average, analysts expect TearLab Corporation to post $-2.82 EPS for the current fiscal year and $-1.39 EPS for the next fiscal year.
Shares of TearLab Corporation (NASDAQ:TEAR) opened at 2.43 on Monday. The company has a 50 day moving average price of $1.95 and a 200-day moving average price of $3.15. The stock’s market cap is $13.94 million. TearLab Corporation has a one year low of $1.55 and a one year high of $8.78.
A number of brokerages have recently issued reports on TEAR. HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of TearLab Corporation in a report on Tuesday, May 16th. Zacks Investment Research downgraded shares of TearLab Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Rodman & Renshaw cut their price target on shares of TearLab Corporation from $12.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $5.05.
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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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