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Earnings Outlook for T2 Biosystems

TTOO) announces its next round of earnings this Tuesday, August 11. Here is Benzinga’s everything-that-matters guide for this Tuesday’s Q2 earnings announcement.

Earnings and Revenue

T2 Biosystems EPS is expected to be around $-0.15, according to sell-side analysts. Sales will likely be near $2.37 million. T2 Biosystems EPS in the same period a year ago totaled $-0.35. Revenue was $1.80 million. If the company were to report in-line earnings when it publishes results Tuesday, quarterly profit would be up 57.14%. Here’s how the company’s EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.23 -0.27 -0.31 -0.32
EPS Actual -0.22 -0.30 -0.31 -0.35
Revenue Estimate 2.63 M 3.67 M 2.04 M 2.00 M
Revenue Actual 2.54 M 3.10 M 1.68 M 1.80 M

Stock Performance

Over the last 52-week period, shares of T2 Biosystems are up 120.95%.” data-reactid=”23″>Don’t be surprised to see the stock move on comments made during its conference call. T2 Biosystems is scheduled to hold the call at 16:30:00 ET and can be accessed here:

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