Avedro Inc (AVDR) to Post Q1 2019 Earnings of ($0.98) Per Share, Svb Leerink Forecasts

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Avedro Inc (NASDAQ:AVDR) – Equities research analysts at Svb Leerink issued their Q1 2019 EPS estimates for shares of Avedro in a research report issued to clients and investors on Monday, March 11th. Svb Leerink analyst D. Antalffy expects that the company will post earnings of ($0.98) per share for the quarter. Svb Leerink has a “Outperform” rating and a $20.00 price target on the stock. Svb Leerink also issued estimates for Avedro’s Q2 2019 earnings at ($0.54) EPS, Q3 2019 earnings at ($0.51) EPS, Q4 2019 earnings at ($0.44) EPS, FY2019 earnings at ($2.28) EPS, Q1 2020 earnings at ($0.52) EPS, Q2 2020 earnings at ($0.46) EPS, Q3 2020 earnings at ($0.37) EPS, Q4 2020 earnings at ($0.36) EPS, FY2020 earnings at ($1.70) EPS, FY2021 earnings at ($1.02) EPS, FY2022 earnings at ($0.06) EPS and FY2023 earnings at $0.79 EPS.

A number of other brokerages have also recently issued reports on AVDR. JPMorgan Chase & Co. began coverage on Avedro in a report on Monday, March 11th. They set an “overweight” rating and a $16.00 target price for the company. Cowen began coverage on Avedro in a report on Monday, March 11th. They set an “outperform” rating and a $20.00 target price for the company. Leerink Swann began coverage on Avedro in a report on Monday, March 11th. They set an “outperform” rating and a $20.00 target price for the company. Guggenheim began coverage on Avedro in a report on Monday, March 11th. They set a “buy” rating and a $21.00 target price for the company. Finally, Bank of America began coverage on Avedro in a report on Monday, March 11th. They set a “buy” rating for the company. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $19.40.

Shares of NASDAQ:AVDR opened at $13.36 on Thursday. Avedro has a 1 year low of $10.75 and a 1 year high of $13.65.

In other news, Director Gilbert H. Kliman bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was acquired at an average price of $14.00 per share, for a total transaction of $350,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

About Avedro

Avedro, Inc, an ophthalmic pharmaceutical and medical device company, develops and commercializes products to treat ophthalmic disorders and conditions, primarily associated with corneal weakness. The company's Avedro Corneal Remodeling platform comprises KXL and Mosaic systems, which deliver ultraviolet A or UVA light, and a suite of single-use riboflavin drug formulations.

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Earnings History and Estimates for Avedro (NASDAQ:AVDR)

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