Brokerages Expect Jounce Therapeutics (JNCE) to Announce -$0.31 EPS

Wall Street brokerages expect Jounce Therapeutics (NASDAQ:JNCE) to report ($0.31) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Jounce Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.38). Jounce Therapeutics posted earnings per share of ($0.02) in the same quarter last year, which suggests a negative year-over-year growth rate of 1,450%. The firm is expected to report its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Jounce Therapeutics will report full-year earnings of ($1.04) per share for the current financial year, with EPS estimates ranging from ($1.58) to ($0.63). For the next year, analysts expect that the firm will post earnings of ($1.22) per share, with EPS estimates ranging from ($1.81) to ($0.25). Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Jounce Therapeutics.

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Jounce Therapeutics (NASDAQ:JNCE) last issued its quarterly earnings data on Thursday, March 8th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.25. The firm had revenue of $13.00 million during the quarter, compared to the consensus estimate of $14.95 million. Jounce Therapeutics had a negative return on equity of 10.24% and a negative net margin of 22.76%. The company’s quarterly revenue was down 36.0% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS.

Several research firms have weighed in on JNCE. Zacks Investment Research downgraded Jounce Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Robert W. Baird set a $35.00 target price on Jounce Therapeutics and gave the company a “buy” rating in a research report on Thursday, March 8th.

Shares of NASDAQ:JNCE traded down $1.25 during midday trading on Friday, reaching $20.38. 172,823 shares of the company’s stock were exchanged, compared to its average volume of 351,208. The company has a market capitalization of $659.65, a price-to-earnings ratio of -35.76 and a beta of 6.33. Jounce Therapeutics has a fifty-two week low of $11.05 and a fifty-two week high of $29.29.

In other Jounce Therapeutics news, CEO Richard /Ca/ Murray sold 16,334 shares of Jounce Therapeutics stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $21.43, for a total value of $350,037.62. Following the completion of the transaction, the chief executive officer now directly owns 16,334 shares of the company’s stock, valued at approximately $350,037.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara Gayle Duncan sold 2,000 shares of Jounce Therapeutics stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $28.11, for a total value of $56,220.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $56,220. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,292 shares of company stock valued at $1,372,403.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Jounce Therapeutics by 60.1% in the 4th quarter. BlackRock Inc. now owns 1,161,840 shares of the company’s stock valued at $14,812,000 after buying an additional 436,114 shares during the period. Redmile Group LLC boosted its stake in shares of Jounce Therapeutics by 2.6% in the 4th quarter. Redmile Group LLC now owns 980,393 shares of the company’s stock valued at $12,500,000 after buying an additional 24,795 shares during the period. Brown Advisory Inc. boosted its stake in shares of Jounce Therapeutics by 3.3% in the 4th quarter. Brown Advisory Inc. now owns 491,529 shares of the company’s stock valued at $6,267,000 after buying an additional 15,810 shares during the period. Alyeska Investment Group L.P. boosted its stake in shares of Jounce Therapeutics by 43.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 262,105 shares of the company’s stock valued at $4,084,000 after buying an additional 79,683 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Jounce Therapeutics by 310.4% in the 4th quarter. Millennium Management LLC now owns 246,021 shares of the company’s stock valued at $3,137,000 after buying an additional 186,068 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

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Jounce Therapeutics Company Profile

Jounce Therapeutics, Inc, a clinical stage immunotherapy company, develops therapies for the treatment of cancer. Its lead product candidate is JTX-2011, a clinical stage monoclonal antibody that binds to and activates the inducible T cell co-stimulator, a protein on the surface of certain T cells found in solid tumors, which is in Phase I/II clinical trial for the treatment of six tumor types, including head and neck squamous cell cancer, non-small cell lung cancer, triple negative breast cancer, melanoma, gastric cancer, and other tumor types identified through its translational science platform.

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