TRACON Pharmaceuticals, Inc. (TCON) Scheduled to Post Quarterly Earnings on Monday
TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) will issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.25) per share for the quarter.
TRACON Pharmaceuticals (NASDAQ:TCON) last released its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.40) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.52) by $0.12. The company had revenue of $0.63 million for the quarter, compared to analysts’ expectations of $0.81 million. TRACON Pharmaceuticals had a negative return on equity of 119.93% and a negative net margin of 963.11%. On average, analysts expect TRACON Pharmaceuticals to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of TRACON Pharmaceuticals, Inc. (NASDAQ:TCON) opened at $2.90 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.57 and a quick ratio of 3.57.
Separately, Zacks Investment Research lowered shares of TRACON Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
TRACON Pharmaceuticals Company Profile
TRACON Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics for cancer, wet age-related macular degeneration (wet AMD) and fibrotic diseases. The Company’s research focuses on antibodies that bind to the endoglin receptor, which is essential to angiogenesis (the process of new blood vessel formation) and a contributor to fibrosis (tissue scarring).
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