Biocept (BIOC) to Release Quarterly Earnings on Tuesday

Biocept (NASDAQ:BIOC) will be issuing its quarterly earnings data after the market closes on Tuesday, November 13th. Analysts expect the company to announce earnings of ($1.71) per share for the quarter.

Biocept (NASDAQ:BIOC) last announced its quarterly earnings data on Tuesday, August 14th. The medical research company reported ($2.70) EPS for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.60. Biocept had a negative net margin of 642.49% and a negative return on equity of 587.80%. The company had revenue of $0.82 million during the quarter, compared to the consensus estimate of $1.09 million. On average, analysts expect Biocept to post $-9 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Shares of BIOC opened at $1.89 on Friday. Biocept has a one year low of $1.85 and a one year high of $36.00. The stock has a market capitalization of $4.57 million, a PE ratio of -0.08 and a beta of 1.82. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 0.42.

BIOC has been the subject of a number of analyst reports. ValuEngine raised shares of Biocept from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Dawson James reissued a “buy” rating on shares of Biocept in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research raised shares of Biocept from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Biocept has an average rating of “Buy” and an average price target of $0.92.

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About Biocept

Biocept, Inc, an early stage molecular oncology diagnostics company, develops and commercializes proprietary circulating tumor cell (CTC) and circulating tumor DNA assays utilizing a standard blood sample. The company's cancer assays provide information to healthcare providers to identify oncogenic alterations that qualify a subset of cancer patients for targeted therapy at diagnosis, progression, and monitoring in order to identify resistance mechanisms.

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Earnings History for Biocept (NASDAQ:BIOC)

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