EXACT Sciences (EXAS) Set to Announce Quarterly Earnings on Tuesday

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EXACT Sciences (NASDAQ:EXAS) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect EXACT Sciences to post earnings of ($0.64) per share for the quarter. EXACT Sciences has set its FY 2019 guidance at EPS.

EXACT Sciences (NASDAQ:EXAS) last issued its quarterly earnings data on Thursday, February 21st. The medical research company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.49) by $0.05. EXACT Sciences had a negative return on equity of 23.58% and a negative net margin of 38.54%. The business had revenue of $142.98 million during the quarter, compared to analysts’ expectations of $143.00 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The company’s revenue was up 63.6% on a year-over-year basis. On average, analysts expect EXACT Sciences to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ EXAS opened at $90.67 on Tuesday. EXACT Sciences has a twelve month low of $44.85 and a twelve month high of $99.52. The company has a quick ratio of 8.70, a current ratio of 8.99 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $11.49 billion, a PE ratio of -66.67 and a beta of 1.83.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut EXACT Sciences from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. BidaskClub raised EXACT Sciences from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 16th. Finally, UBS Group lifted their price objective on EXACT Sciences from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $100.18.

In related news, insider Kevin T. Conroy sold 9,169 shares of EXACT Sciences stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $95.07, for a total value of $871,696.83. Following the completion of the transaction, the insider now directly owns 923,961 shares in the company, valued at $87,840,972.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Stenhouse sold 11,192 shares of EXACT Sciences stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $92.54, for a total value of $1,035,707.68. Following the completion of the transaction, the insider now owns 25,500 shares of the company’s stock, valued at $2,359,770. The disclosure for this sale can be found here. Over the last quarter, insiders sold 455,507 shares of company stock valued at $37,454,557. 3.20% of the stock is currently owned by company insiders.

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About EXACT Sciences

Exact Sciences Corporation, a molecular diagnostics company, focuses on developing products for the early detection and prevention of various cancers in the United States. The company offers Cologuard, a non-invasive stool-based DNA screening test for the early detection of colorectal cancer and pre-cancer.

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Earnings History for EXACT Sciences (NASDAQ:EXAS)

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