Exact Sciences Corporation (EXAS) Set to Announce Earnings on Tuesday
Exact Sciences Corporation (NASDAQ:EXAS) is set to post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Exact Sciences Corporation to post earnings of ($0.31) per share for the quarter.
Exact Sciences Corporation (NASDAQ:EXAS) last posted its earnings results on Tuesday, July 25th. The medical research company reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.10. The company had revenue of $57.65 million for the quarter, compared to analyst estimates of $47.73 million. Exact Sciences Corporation had a negative net margin of 83.08% and a negative return on equity of 36.36%. On average, analysts expect Exact Sciences Corporation to post $-1.19 EPS for the current fiscal year and $-0.8 EPS for the next fiscal year.
Shares of Exact Sciences Corporation (NASDAQ:EXAS) opened at 47.20 on Tuesday. The firm has a 50-day moving average of $44.75 and a 200 day moving average of $36.31. The firm’s market capitalization is $5.62 billion. Exact Sciences Corporation has a 12-month low of $13.05 and a 12-month high of $50.65.
A number of research firms recently issued reports on EXAS. Leerink Swann reiterated an “outperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Exact Sciences Corporation in a research report on Thursday, September 21st. Vetr downgraded shares of Exact Sciences Corporation from a “buy” rating to a “hold” rating and set a $36.37 target price on the stock. in a research report on Thursday, July 6th. Canaccord Genuity reiterated a “buy” rating and set a $60.00 target price (up previously from $45.00) on shares of Exact Sciences Corporation in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Exact Sciences Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Finally, BTIG Research reiterated a “buy” rating and set a $45.00 target price (up previously from $35.00) on shares of Exact Sciences Corporation in a research report on Monday, July 17th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.71.
In other news, CFO Jeffrey Thomas Elliott sold 5,846 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $39.41, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP D Scott Coward sold 29,115 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.16, for a total transaction of $1,373,063.40. Following the completion of the sale, the senior vice president now owns 64,991 shares of the company’s stock, valued at approximately $3,064,975.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 237,444 shares of company stock worth $10,412,421. Corporate insiders own 4.00% of the company’s stock.
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Exact Sciences Corporation 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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