ITOS - iTeos Therapeutics: My Calculations Suggest Q3 Earnings Will Exceed $10 Per Share
- iTeos Therapeutics had a cash balance of about $26.40 per share as of June 30, 2021.
- iTeos Therapeutics received a non-refundable upfront payment from GlaxoSmithKline representing revenue of approximately $17.80 per share.
- The payment is non-refundable and no additional performance is required for this upfront payment.
- My calculations suggest 3rd quarter 2021 earnings per share at more than $10 for a stock trading at $25.
- iTeos Therapeutics has a 5+ year runway, “buy” recommendations from all analysts, and favorable business catalysts anticipated before calendar year end.
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iTeos Therapeutics: My Calculations Suggest Q3 Earnings Will Exceed $10 Per Share