SpringWorks Therapeutics Forecasted to Earn Q1 2021 Earnings of ($0.36) Per Share (NASDAQ:SWTX)

SpringWorks Therapeutics (NASDAQ:SWTX) – Stock analysts at Wedbush issued their Q1 2021 earnings estimates for shares of SpringWorks Therapeutics in a research note issued on Wednesday, January 15th. Wedbush analyst D. Nierengarten expects that the company will earn ($0.36) per share for the quarter. Wedbush has a “Outperform” rating and a $33.00 price objective on the stock. Wedbush also issued estimates for SpringWorks Therapeutics’ Q2 2021 earnings at ($0.37) EPS, Q3 2021 earnings at ($0.37) EPS, Q4 2021 earnings at ($0.38) EPS and FY2023 earnings at ($1.10) EPS.

SpringWorks Therapeutics (NASDAQ:SWTX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($1.77) earnings per share for the quarter, missing the consensus estimate of ($0.47) by ($1.30).

A number of other analysts have also commented on SWTX. Goldman Sachs Group initiated coverage on SpringWorks Therapeutics in a report on Tuesday, October 8th. They issued a “buy” rating and a $37.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $34.00 target price on shares of SpringWorks Therapeutics in a report on Tuesday, December 17th. JPMorgan Chase & Co. initiated coverage on SpringWorks Therapeutics in a report on Tuesday, October 8th. They issued an “overweight” rating and a $32.00 target price for the company. Finally, Cowen reissued a “buy” rating on shares of SpringWorks Therapeutics in a report on Monday. Five investment analysts have rated the stock with a buy rating, SpringWorks Therapeutics currently has an average rating of “Buy” and a consensus price target of $34.00.

SWTX traded up $0.08 during trading on Friday, reaching $35.85. 2,788 shares of the company were exchanged, compared to its average volume of 162,348. The company has a 50-day simple moving average of $32.49. SpringWorks Therapeutics has a 12-month low of $17.02 and a 12-month high of $40.50.

An institutional investor recently bought a new position in SpringWorks Therapeutics stock. Orbimed Advisors LLC bought a new stake in SpringWorks Therapeutics (NASDAQ:SWTX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,406,307 shares of the company’s stock, valued at approximately $160,569,000. SpringWorks Therapeutics accounts for about 3.0% of Orbimed Advisors LLC’s portfolio, making the stock its 8th largest position. Orbimed Advisors LLC owned 17.22% of SpringWorks Therapeutics as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 72.13% of the company’s stock.

About SpringWorks Therapeutics

SpringWorks Therapeutics, Inc, a clinical-stage biopharmaceutical company, acquires, develops, and commercializes medicines for underserved patient populations suffering from rare diseases and cancer. Its advanced product candidate is nirogacestat, an oral small molecule gamma secretase inhibitor that is in Phase 3 clinical trials for the treatment of desmoid tumors.

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Earnings History and Estimates for SpringWorks Therapeutics (NASDAQ:SWTX)

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