TearLab Corporation (NASDAQ:TEAR) Set to Announce Quarterly Earnings on Monday

TearLab Corporation (NASDAQ:TEAR) is scheduled to release its earnings data after the market closes on Monday, August 14th. Analysts expect TearLab Corporation to post earnings of ($0.75) per share for the quarter.

TearLab Corporation (NASDAQ:TEAR) last issued its quarterly earnings results on Monday, May 15th. The medical research company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.75) by $0.07. The company had revenue of $6.70 million during the quarter, compared to analyst estimates of $7.02 million. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS. On average, analysts expect TearLab Corporation to post $-2.82 EPS for the current fiscal year and $-1.39 EPS for the next fiscal year.

Shares of TearLab Corporation (NASDAQ TEAR) opened at 2.01 on Friday. TearLab Corporation has a one year low of $1.55 and a one year high of $8.20. The company’s market capitalization is $11.53 million. The company’s 50-day moving average price is $2.09 and its 200-day moving average price is $2.98.

Several analysts have commented on the company. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of TearLab Corporation in a research note on Tuesday, May 16th. Rodman & Renshaw cut their target price on TearLab Corporation from $12.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, May 16th. Finally, Zacks Investment Research downgraded TearLab Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $5.05.

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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.

Earnings History for TearLab Corporation (NASDAQ:TEAR)

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