Quanterix (QTRX) Expected to Announce Earnings on Thursday

Quanterix (NASDAQ:QTRX) is anticipated to release its earnings data before the market opens on Thursday, March 6th. Analysts expect Quanterix to post earnings of ($0.27) per share and revenue of $34.93 million for the quarter.

Quanterix (NASDAQ:QTRX) last released its quarterly earnings results on Monday, December 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter. Quanterix had a negative return on equity of 11.74% and a negative net margin of 30.12%. On average, analysts expect Quanterix to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Quanterix Stock Up 6.1 %

NASDAQ:QTRX opened at $7.52 on Wednesday. The stock’s 50 day moving average price is $9.23 and its 200 day moving average price is $11.38. The company has a market capitalization of $289.70 million, a PE ratio of -7.09 and a beta of 1.33. Quanterix has a 52-week low of $6.80 and a 52-week high of $29.70.

Analysts Set New Price Targets

Separately, TD Cowen lifted their target price on Quanterix from $13.50 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th.

About Quanterix

Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection in an expanded range of applications.