Equities analysts expect Glaukos Corp (NYSE:GKOS) to report $40.71 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Glaukos’ earnings. The lowest sales estimate is $39.80 million and the highest is $41.23 million. Glaukos reported sales of $33.17 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The company is expected to report its next earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Glaukos will report full-year sales of $40.71 million for the current year, with estimates ranging from $157.70 million to $159.00 million. For the next fiscal year, analysts forecast that the business will report sales of $174.12 million per share, with estimates ranging from $168.50 million to $185.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Glaukos.
Glaukos (NYSE:GKOS) last announced its quarterly earnings data on Tuesday, November 7th. The medical instruments supplier reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. Glaukos had a positive return on equity of 3.50% and a negative net margin of 0.64%. The business had revenue of $40.41 million during the quarter, compared to analyst estimates of $38.69 million. During the same period in the prior year, the company earned $0.03 earnings per share. Glaukos’s revenue was up 36.6% compared to the same quarter last year.
In related news, CFO Joseph E. Gilliam bought 2,100 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $23.84 per share, for a total transaction of $50,064.00. Following the completion of the transaction, the chief financial officer now directly owns 102,100 shares in the company, valued at approximately $2,434,064. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.40% of the company’s stock.
Several hedge funds have recently modified their holdings of GKOS. Schwab Charles Investment Management Inc. raised its position in shares of Glaukos by 48.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 73,637 shares of the medical instruments supplier’s stock worth $3,054,000 after buying an additional 23,947 shares in the last quarter. Legal & General Group Plc raised its position in shares of Glaukos by 77.6% in the second quarter. Legal & General Group Plc now owns 7,240 shares of the medical instruments supplier’s stock worth $299,000 after buying an additional 3,164 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Glaukos by 37.1% in the second quarter. Principal Financial Group Inc. now owns 21,745 shares of the medical instruments supplier’s stock worth $901,000 after buying an additional 5,883 shares in the last quarter. Swiss National Bank raised its position in shares of Glaukos by 32.6% in the second quarter. Swiss National Bank now owns 25,200 shares of the medical instruments supplier’s stock worth $1,045,000 after buying an additional 6,200 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Glaukos by 74.8% in the second quarter. Teachers Advisors LLC now owns 51,598 shares of the medical instruments supplier’s stock worth $2,140,000 after buying an additional 22,086 shares in the last quarter. Institutional investors own 98.95% of the company’s stock.
Glaukos (GKOS) opened at $29.91 on Friday. Glaukos has a twelve month low of $23.08 and a twelve month high of $52.49. The firm has a market capitalization of $1,042.15, a price-to-earnings ratio of -747.56, a price-to-earnings-growth ratio of 43.70 and a beta of 1.21.
Glaukos Corporation is an ophthalmic medical technology company. The Company focuses on the development and commercialization of products and procedures for the treatment of glaucoma. It offers iStent, a micro-invasive glaucoma surgery (MIGS) device. The iStent is a micro-bypass stent inserted through the small corneal incision made during cataract surgery and placed into Schlemm’s canal, a circular channel in the eye that collects aqueous humor and delivers it back into the bloodstream.
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