TESARO, Inc. (TSRO) Expected to Post Q3 2017 Earnings of ($0.66) Per Share
TESARO, Inc. (NASDAQ:TSRO) – Equities research analysts at Jefferies Group increased their Q3 2017 earnings estimates for TESARO in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Yang now anticipates that the biopharmaceutical company will earn ($0.66) per share for the quarter, up from their previous forecast of ($2.39). Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for TESARO’s Q4 2017 earnings at ($2.54) EPS, FY2017 earnings at ($8.56) EPS, FY2018 earnings at ($7.63) EPS, FY2019 earnings at ($4.48) EPS, FY2020 earnings at $0.32 EPS and FY2021 earnings at $4.76 EPS.
TSRO has been the subject of a number of other reports. BidaskClub lowered TESARO from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Robert W. Baird reaffirmed a “neutral” rating on shares of TESARO in a report on Tuesday, June 6th. Bank of America Corporation reaffirmed a “buy” rating and issued a $154.00 price target on shares of TESARO in a report on Tuesday, June 20th. Wedbush raised TESARO to an “outperform” rating and set a $168.00 price objective for the company in a research note on Monday, June 5th. Finally, ValuEngine lowered TESARO from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $176.35.
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Shares of TESARO (NASDAQ TSRO) opened at 110.89 on Friday. The stock’s 50 day moving average price is $131.54 and its 200-day moving average price is $149.39. The company’s market capitalization is $5.99 billion. TESARO has a 52-week low of $83.26 and a 52-week high of $192.94.
TESARO (NASDAQ:TSRO) last released its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($2.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.52) by $0.30. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $18.61 million. TESARO had a negative net margin of 1,301.19% and a negative return on equity of 104.00%. The business’s revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.28) earnings per share.
A number of large investors have recently modified their holdings of TSRO. BlackRock Inc. raised its stake in shares of TESARO by 4,504.8% in the first quarter. BlackRock Inc. now owns 3,409,657 shares of the biopharmaceutical company’s stock valued at $524,643,000 after buying an additional 3,335,611 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of TESARO by 167.9% in the first quarter. TIAA CREF Investment Management LLC now owns 367,519 shares of the biopharmaceutical company’s stock valued at $56,550,000 after buying an additional 230,353 shares during the period. Pioneer Investment Management Inc. raised its stake in shares of TESARO by 195.6% in the second quarter. Pioneer Investment Management Inc. now owns 317,753 shares of the biopharmaceutical company’s stock valued at $44,441,000 after buying an additional 210,273 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TESARO by 35.0% in the first quarter. Bank of New York Mellon Corp now owns 675,597 shares of the biopharmaceutical company’s stock valued at $103,954,000 after buying an additional 175,273 shares during the period. Finally, Tobam purchased a new stake in shares of TESARO during the second quarter valued at about $20,189,000.
In other TESARO news, VP Edward C. English sold 8,500 shares of TESARO stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $138.65, for a total transaction of $1,178,525.00. Following the completion of the sale, the vice president now owns 5,396 shares of the company’s stock, valued at $748,155.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 40.50% of the company’s stock.
TESARO Company Profile
TESARO, Inc is an oncology-focused biopharmaceutical company. The Company operates through the business of developing and commercializing of oncology-focused therapeutics segment. It is developing oncology-related product candidates, including rolapitant, niraparib and the product candidates under its immuno-oncology platform.
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