Zacks: Brokerages Expect Jounce Therapeutics, Inc. (NASDAQ:JNCE) to Post -$0.68 Earnings Per Share

Equities research analysts forecast that Jounce Therapeutics, Inc. (NASDAQ:JNCE – Get Rating) will report earnings per share of ($0.68) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Jounce Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.58) and the lowest estimate coming in at ($0.77). Jounce Therapeutics reported earnings per share of ($0.08) during the same quarter last year, which suggests a negative year-over-year growth rate of 750%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Jounce Therapeutics will report full-year earnings of ($2.27) per share for the current financial year, with EPS estimates ranging from ($2.92) to ($1.72). For the next year, analysts anticipate that the company will post earnings of ($2.26) per share, with EPS estimates ranging from ($3.27) to ($1.38). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Jounce Therapeutics.

Jounce Therapeutics (NASDAQ:JNCE – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.15). During the same period in the previous year, the business earned ($0.58) EPS.

Several brokerages have commented on JNCE. Raymond James upgraded shares of Jounce Therapeutics from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $15.00 to $20.00 in a research report on Friday, May 6th. Sumitomo Mitsui Financial Group started coverage on Jounce Therapeutics in a research note on Wednesday, March 16th. They set an “outperform” rating and a $17.00 target price on the stock. StockNews.com started coverage on Jounce Therapeutics in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research raised Jounce Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Robert W. Baird cut Jounce Therapeutics from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $7.00 in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $13.35.

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Jounce Therapeutics by 310.1% in the third quarter. Goldman Sachs Group Inc. now owns 673,926 shares of the company’s stock valued at $5,007,000 after buying an additional 509,577 shares during the period. Panagora Asset Management Inc. lifted its stake in Jounce Therapeutics by 7.0% in the fourth quarter. Panagora Asset Management Inc. now owns 113,065 shares of the company’s stock valued at $944,000 after buying an additional 7,369 shares during the period. GSA Capital Partners LLP lifted its stake in Jounce Therapeutics by 84.1% in the third quarter. GSA Capital Partners LLP now owns 96,900 shares of the company’s stock valued at $720,000 after buying an additional 44,277 shares during the period. AXA S.A. lifted its stake in Jounce Therapeutics by 77.2% in the third quarter. AXA S.A. now owns 35,800 shares of the company’s stock valued at $266,000 after buying an additional 15,600 shares during the period. Finally, BlackRock Inc. lifted its stake in Jounce Therapeutics by 3.2% in the third quarter. BlackRock Inc. now owns 2,534,851 shares of the company’s stock valued at $18,834,000 after buying an additional 77,752 shares during the period. Institutional investors and hedge funds own 78.20% of the company’s stock.

Shares of JNCE traded up $0.17 during midday trading on Friday, hitting $4.69. 162,296 shares of the stock traded hands, compared to its average volume of 369,425. Jounce Therapeutics has a 1-year low of $4.06 and a 1-year high of $9.81. The business’s 50 day moving average price is $6.20 and its two-hundred day moving average price is $7.14. The firm has a market capitalization of $242.35 million, a PE ratio of -2.37 and a beta of 1.12.

Jounce Therapeutics Company Profile (Get Rating)

Jounce Therapeutics, Inc, a clinical-stage immunotherapy company, develops therapies for the treatment of cancer. The company develops vopratelimab, a clinical-stage monoclonal antibody, which is in Phase II clinical trial that binds to and activates the Inducible T cell CO-Stimulator, a protein on the surface of T cells found in various solid tumors.

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