Glaukos (GKOS) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Glaukos in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GKOS shares.
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9 equities research analysts have issued 12 month price targets for Glaukos' shares. Their GKOS share price forecasts range from $48.00 to $80.00. On average, they predict the company's share price to reach $61.67 in the next year. This suggests that the stock has a possible downside of 9.7%.
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Glaukos' stock was trading at $43.68 at the start of the year. Since then, GKOS shares have increased by 56.3% and is now trading at $68.26.
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Glaukos saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,480,000 shares, an increase of 7.7% from the April 30th total of 5,090,000 shares. Based on an average trading volume of 408,400 shares, the days-to-cover ratio is currently 13.4 days. Approximately 11.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our GKOS earnings forecast.

Glaukos Co. (NYSE:GKOS) issued its earnings results on Wednesday, May, 3rd. The medical instruments supplier reported ($0.59) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.02. The medical instruments supplier earned $73.90 million during the quarter, compared to the consensus estimate of $67.74 million. Glaukos had a negative trailing twelve-month return on equity of 21.20% and a negative net margin of 48.15%. Glaukos's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) EPS.

ETFs with the largest weight of Glaukos (NYSE:GKOS) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), SPDR S&P Health Care Equipment ETF (XHE), Principal Healthcare Innovators ETF (BTEC), SPDR S&P SmallCap 600 ESG ETF (ESIX), Xtrackers S&P SmallCap 600 ESG ETF (SMLE), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG).

Glaukos issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $295.00 million-$300.00 million, compared to the consensus revenue estimate of $293.53 million.

10 employees have rated Glaukos Chief Executive Officer Thomas W. Burns on Glassdoor.com. Thomas W. Burns has an approval rating of 100% among the company's employees. This puts Thomas W. Burns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Glaukos investors own include NVIDIA (NVDA), Marvell Technology (MRVL), PTC Therapeutics (PTCT), PayPal (PYPL), QUALCOMM (QCOM), Alibaba Group (BABA), Teladoc Health (TDOC), Intel (INTC), Advanced Micro Devices (AMD) and Boeing (BA).

(GKOS) raised $76 million in an initial public offering (IPO) on Thursday, June 25th 2015. The company issued 5,400,000 shares at $13.00-$15.00 per share. J.P. Morgan, BofA Merrill Lynch and Goldman Sachs served as the underwriters for the IPO and William Blair and Cantor Fitzgerald were co-managers.

Glaukos trades on the New York Stock Exchange (NYSE) under the ticker symbol "GKOS."

Glaukos' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (9.72%), Brown Capital Management LLC (6.03%), Artisan Partners Limited Partnership (3.89%), Braidwell LP (3.75%), State Street Corp (3.63%) and Fred Alger Management LLC (3.15%). Insiders that own company stock include Gilbert H Kliman, Joseph E Gilliam, Thomas William Burns and William J Phd Link.
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Shares of GKOS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GKOS stock can currently be purchased for approximately $68.26.

Glaukos (NYSE:GKOS) has a market capitalization of $3.29 billion and generates $282.86 million in revenue each year. The medical instruments supplier earns $-99,190,000.00 in net income (profit) each year or ($2.92) on an earnings per share basis.

The company employs 727 workers across the globe.

Glaukos' mailing address is 229 AVENIDA FABRICANTE, SAN CLEMENTE CA, 92672. The official website for the company is www.glaukos.com. The medical instruments supplier can be reached via phone at (949) 367-9600, via email at investors@glaukos.com, or via fax at 949-367-9984.