Analysts forecast that EXACT Sciences Co. (NASDAQ:EXAS) will report $63.42 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for EXACT Sciences’ earnings. The highest sales estimate is $66.03 million and the lowest is $62.30 million. EXACT Sciences reported sales of $28.12 million during the same quarter last year, which indicates a positive year over year growth rate of 125.5%. The company is expected to issue its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that EXACT Sciences will report full-year sales of $63.42 million for the current fiscal year, with estimates ranging from $236.73 million to $244.51 million. For the next year, analysts expect that the business will report sales of $370.32 million per share, with estimates ranging from $333.60 million to $400.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow EXACT Sciences.

EXACT Sciences (NASDAQ:EXAS) last released its earnings results on Tuesday, July 25th. The medical research company reported ($0.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.10. EXACT Sciences had a negative net margin of 53.41% and a negative return on equity of 29.05%. The firm had revenue of $57.65 million during the quarter, compared to analyst estimates of $47.73 million.

EXAS has been the topic of a number of recent research reports. Craig Hallum increased their price objective on shares of EXACT Sciences from $35.00 to $41.00 in a research note on Friday, July 7th. Vetr upgraded shares of EXACT Sciences from a “hold” rating to a “buy” rating and set a $36.13 price objective on the stock in a research note on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating and set a $35.00 target price on shares of EXACT Sciences in a research report on Tuesday, May 16th. Canaccord Genuity reissued a “buy” rating and set a $27.00 target price on shares of EXACT Sciences in a research report on Monday, April 24th. Finally, Leerink Swann set a $38.00 target price on shares of EXACT Sciences and gave the company a “buy” rating in a research report on Friday, April 28th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $40.51.

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EXACT Sciences (NASDAQ:EXAS) opened at 37.76 on Friday. The stock’s 50 day moving average is $37.62 and its 200 day moving average is $28.82. EXACT Sciences has a 12-month low of $13.05 and a 12-month high of $42.18. The stock’s market capitalization is $4.50 billion.

In other news, SVP D Scott Coward sold 1,987 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $35.21, for a total value of $69,962.27. Following the sale, the senior vice president now owns 57,603 shares in the company, valued at $2,028,201.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Thomas Elliott sold 5,846 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $39.41, for a total transaction of $230,390.86. Following the completion of the sale, the chief financial officer now owns 19,861 shares in the company, valued at approximately $782,722.01. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. acquired a new stake in EXACT Sciences during the second quarter worth $106,000. Northwestern Mutual Wealth Management Co. raised its stake in EXACT Sciences by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,072 shares of the medical research company’s stock worth $144,000 after buying an additional 600 shares during the last quarter. Financial Architects Inc raised its stake in EXACT Sciences by 90.0% in the second quarter. Financial Architects Inc now owns 4,295 shares of the medical research company’s stock worth $152,000 after buying an additional 2,035 shares during the last quarter. Johnson Financial Group Inc. raised its stake in EXACT Sciences by 25.9% in the second quarter. Johnson Financial Group Inc. now owns 4,862 shares of the medical research company’s stock worth $172,000 after buying an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in EXACT Sciences by 66.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,052 shares of the medical research company’s stock worth $179,000 after buying an additional 2,013 shares during the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.

EXACT Sciences Company Profile

Exact Sciences Corporation is a molecular diagnostics company. The Company focuses on the early detection and prevention of some forms of cancer. It offers a non-invasive screening test called Cologuard for the early detection of colorectal cancer and pre-cancer. Its Cologuard test is a stool-based deoxyribonucleic acid (sDNA) screening test, which utilizes a multi-target approach to detect deoxyribonucleic acid (DNA) and hemoglobin biomarkers associated with colorectal cancer and pre-cancer.

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Earnings History and Estimates for EXACT Sciences (NASDAQ:EXAS)

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