Research Analysts Set Expectations for TESARO Inc’s FY2022 Earnings (TSRO)

TESARO Inc (NASDAQ:TSRO) – Research analysts at SunTrust Banks issued their FY2022 earnings estimates for shares of TESARO in a report released on Thursday. SunTrust Banks analyst P. Lawson anticipates that the biopharmaceutical company will post earnings per share of $9.96 for the year. SunTrust Banks has a “Buy” rating and a $160.00 price objective on the stock.

TESARO (NASDAQ:TSRO) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.47) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.16) by $0.69. The firm had revenue of $142.77 million for the quarter, compared to analyst estimates of $130.57 million. TESARO had a negative net margin of 251.22% and a negative return on equity of 93.39%. The company’s revenue for the quarter was up 740.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.72) earnings per share.

A number of other research firms have also commented on TSRO. Robert W. Baird restated a “neutral” rating and issued a $125.00 price target on shares of TESARO in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of TESARO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. ValuEngine lowered shares of TESARO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. HC Wainwright assumed coverage on shares of TESARO in a research report on Thursday, October 12th. They issued a “buy” rating and a $158.00 price target on the stock. Finally, Piper Jaffray Companies restated a “neutral” rating and issued a $117.00 price target on shares of TESARO in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $152.64.

TESARO (NASDAQ TSRO) traded down $2.07 during trading hours on Monday, reaching $69.59. 1,747,500 shares of the company’s stock were exchanged, compared to its average volume of 1,093,056. The firm has a market capitalization of $3,780.00, a price-to-earnings ratio of -8.26 and a beta of 1.51. TESARO has a 52-week low of $69.38 and a 52-week high of $192.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.35 and a current ratio of 4.73.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hanseatic Management Services Inc. increased its stake in TESARO by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 5,936 shares of the biopharmaceutical company’s stock valued at $830,000 after purchasing an additional 15 shares in the last quarter. Stephens Inc. AR increased its stake in TESARO by 6.5% in the second quarter. Stephens Inc. AR now owns 1,874 shares of the biopharmaceutical company’s stock valued at $262,000 after purchasing an additional 115 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in TESARO by 1.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 12,092 shares of the biopharmaceutical company’s stock valued at $1,690,000 after purchasing an additional 136 shares in the last quarter. KBC Group NV increased its stake in TESARO by 10.9% in the third quarter. KBC Group NV now owns 5,606 shares of the biopharmaceutical company’s stock valued at $724,000 after purchasing an additional 553 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in TESARO by 1.2% in the third quarter. State Board of Administration of Florida Retirement System now owns 49,054 shares of the biopharmaceutical company’s stock valued at $6,333,000 after purchasing an additional 570 shares in the last quarter.

In related news, SVP Martin H. Jr. Huber sold 829 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.24, for a total transaction of $70,663.96. Following the completion of the sale, the senior vice president now directly owns 8,101 shares of the company’s stock, valued at $690,529.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 34.60% of the company’s stock.

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About TESARO

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.

Earnings History and Estimates for TESARO (NASDAQ:TSRO)

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