Zacks: Analysts Expect TearLab Corporation (TEAR) Will Announce Quarterly Sales of $6.94 Million
Equities analysts forecast that TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) will announce $6.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for TearLab Corporation’s earnings, with the lowest sales estimate coming in at $6.80 million and the highest estimate coming in at $7.07 million. TearLab Corporation reported sales of $7.22 million during the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The business is expected to announce its next earnings report on Monday, November 6th.
On average, analysts expect that TearLab Corporation will report full year sales of $6.94 million for the current financial year, with estimates ranging from $27.60 million to $28.01 million. For the next financial year, analysts anticipate that the business will report sales of $29.91 million per share, with estimates ranging from $29.81 million to $30.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for TearLab Corporation.
TearLab Corporation (NASDAQ:TEAR) (TSE:TLB) last posted its quarterly earnings data on Monday, August 14th. The medical research company reported ($0.68) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.07. The company had revenue of $7 million during the quarter, compared to the consensus estimate of $6.86 million. During the same quarter last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis.
Several equities analysts have recently issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of TearLab Corporation in a research note on Tuesday, May 16th. Zacks Investment Research downgraded shares of TearLab Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Rodman & Renshaw dropped their price target on shares of TearLab Corporation from $12.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, May 16th. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $4.90.
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Shares of TearLab Corporation (NASDAQ:TEAR) opened at 1.36 on Friday. TearLab Corporation has a 12-month low of $1.20 and a 12-month high of $7.70. The firm’s market cap is $7.81 million. The firm’s 50-day moving average is $1.95 and its 200-day moving average is $2.37.
TearLab Corporation Company Profile
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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