TRACON Pharmaceuticals (TCON) Scheduled to Post Earnings on Tuesday

Posted by Amy Steele on May 8th, 2024

TRACON Pharmaceuticals (NASDAQ:TCON – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, May 14th. Analysts expect TRACON Pharmaceuticals to post earnings of ($1.20) per share for the quarter.

TRACON Pharmaceuticals (NASDAQ:TCON – Get Free Report) last issued its earnings results on Tuesday, March 5th. The biopharmaceutical company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.80. The firm had revenue of $3.41 million during the quarter, compared to the consensus estimate of $3.00 million. On average, analysts expect TRACON Pharmaceuticals to post $-4 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

TRACON Pharmaceuticals Trading Down 3.3 %

Shares of TRACON Pharmaceuticals stock opened at $1.76 on Wednesday. TRACON Pharmaceuticals has a 12 month low of $1.59 and a 12 month high of $14.75. The stock has a 50 day moving average of $4.72 and a 200 day moving average of $4.01. The firm has a market cap of $4.01 million, a PE ratio of -0.35 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. HC Wainwright dropped their price target on TRACON Pharmaceuticals from $120.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. StockNews.com initiated coverage on TRACON Pharmaceuticals in a report on Tuesday, April 16th. They issued a “strong-buy” rating for the company.

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TRACON Pharmaceuticals Company Profile

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TRACON Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel targeted therapeutics for cancer in the United States. Its clinical stage products include envafolimab (KN035), a PD-L1 single-domain antibody for the treatment of refractory soft tissue sarcoma; and YH001, an investigational humanized cytotoxic T-lymphocyte-associated protein 4 IgG1 monoclonal antibody that is in Phase I clinical trial for the treatment of various cancer indications.