Cancer diagnostics firm Exact Sciences' Q4 revenue rises

Reuters02-14
Cancer diagnostics firm Exact Sciences' Q4 revenue rises

Overview

  • Cancer screening firm's Q4 revenue rose 23%, beating analyst expectations

  • Adjusted EBITDA for Q4 was $63 mln, affected by $75 mln R&D expense

Outlook

  • Exact Sciences anticipates momentum from core products and portfolio expansion

  • Exact Sciences' merger with Abbott expected to close in Q2 2026

Result Drivers

  • SCREENING REVENUE - Screening revenue increased 26% to $695 mln, driven by Cologuard tests and PreventionGenetics

  • PRECISION ONCOLOGY - Precision Oncology revenue rose 14% to $183 mln, supported by Oncotype DX and therapy selection tests

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$878.38 mln

$860.90 mln (21 Analysts)

Q4 Net Income

-$85.96 mln

Q4 Basic EPS

-$0.45

Q4 Income From Operations

-$82.6 mln

Q4 Pretax Profit

-$85.08 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 20 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy."

  • Wall Street's median 12-month price target for Exact Sciences Corp is $105.00, about 1.7% above its February 12 closing price of $103.23

  • The stock recently traded at 315 times the next 12-month earnings vs. a P/E of 270 three months ago

Press Release: ID:nBw9FlpYDa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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