Earnings results for CareDx (NASDAQ:CDNA)
CareDx last released its quarterly earnings data on July 29th, 2021. The reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.05. The firm earned $74.19 million during the quarter, compared to analyst estimates of $68.02 million. CareDx has generated ($0.40) earnings per share over the last year (($0.18) diluted earnings per share). Earnings for CareDx are expected to grow in the coming year, from ($0.35) to ($0.23) per share. CareDx has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. CareDx will be holding an earnings conference call on Thursday, October 28th at 4:30 PM Eastern. Interested parties can .
Analyst Opinion on CareDx (NASDAQ:CDNA)
According to the issued ratings of 6 analysts in the last year, the consensus rating for CareDx stock is Buy based on the current 1 hold rating, 4 buy ratings and 1 strong buy rating for CDNA. The average twelve-month price target for CareDx is $96.17 with a high price target of $115.00 and a low price target of $55.00.
CareDx has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $96.17, CareDx has a forecasted upside of 37.8% from its current price of $69.81. CareDx has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: CareDx (NASDAQ:CDNA)
CareDx does not currently pay a dividend. CareDx does not have a long track record of dividend growth.
Insiders buying/selling: CareDx (NASDAQ:CDNA)
In the past three months, CareDx insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,298,690.00 in company stock. Only 4.60% of the stock of CareDx is held by insiders.
Earnings and Valuation of CareDx (NASDAQ:CDNA
Earnings for CareDx are expected to grow in the coming year, from ($0.35) to ($0.23) per share. The P/E ratio of CareDx is -387.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of CareDx is -387.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. CareDx has a P/B Ratio of 12.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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