Corcept Therapeutics Incorporated (NASDAQ:CORT) released its quarterly earnings data on Thursday. The biotechnology company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02), Briefing.com reports. Corcept Therapeutics had a return on equity of 67.59% and a net margin of 27.28%. The business had revenue of $42.70 million during the quarter, compared to analyst estimates of $41.64 million. During the same quarter in the previous year, the company earned $0.02 EPS. The firm’s revenue was up 96.8% compared to the same quarter last year.

Corcept Therapeutics (NASDAQ:CORT) opened at $17.32 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 67.97 and a beta of 2.04.

A number of analysts recently issued reports on CORT shares. Zacks Investment Research raised shares of Corcept Therapeutics from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Wednesday, July 19th. Piper Jaffray Companies set a $30.00 price target on shares of Corcept Therapeutics and gave the stock a “buy” rating in a report on Tuesday. Ladenburg Thalmann Financial Services set a $20.00 price target on shares of Corcept Therapeutics and gave the stock a “buy” rating in a report on Tuesday, July 18th. Stifel Nicolaus started coverage on shares of Corcept Therapeutics in a report on Thursday, August 31st. They set a “buy” rating and a $20.00 price target on the stock. Finally, BidaskClub raised shares of Corcept Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Corcept Therapeutics has a consensus rating of “Buy” and a consensus price target of $18.20.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/corcept-therapeutics-incorporated-cort-posts-earnings-results-misses-expectations-by-0-02-eps/1677812.html.

Corcept Therapeutics Company Profile

Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The Company is developing mifepristone, a compound that modulates the effects of cortisol by acting as a competitive antagonist at the glucocorticoid receptor (GR).

Earnings History for Corcept Therapeutics (NASDAQ:CORT)

Receive News & Ratings for Corcept Therapeutics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corcept Therapeutics Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.