Glaukos (GKOS) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Glaukos in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GKOS shares.
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8 equities research analysts have issued twelve-month target prices for Glaukos' stock. Their GKOS share price forecasts range from $48.00 to $89.00. On average, they anticipate the company's share price to reach $77.56 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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Glaukos' stock was trading at $43.68 at the start of the year. Since then, GKOS shares have increased by 72.3% and is now trading at $75.25.
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Glaukos saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,480,000 shares, an increase of 9.6% from the August 15th total of 5,910,000 shares. Based on an average daily volume of 461,700 shares, the days-to-cover ratio is presently 14.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Glaukos Co. (NYSE:GKOS) issued its earnings results on Wednesday, August, 2nd. The medical instruments supplier reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.02. The medical instruments supplier had revenue of $80.40 million for the quarter, compared to analyst estimates of $74.73 million. Glaukos had a negative net margin of 42.61% and a negative trailing twelve-month return on equity of 19.53%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.83) EPS.

ETFs with the largest weight of Glaukos (NYSE:GKOS) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), Alger Weatherbie Enduring Growth ETF (AWEG), SPDR S&P Health Care Equipment ETF (XHE), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), Harbor Corporate Culture Small Cap ETF (HAPS), Principal Healthcare Innovators ETF (BTEC), Xtrackers S&P SmallCap 600 ESG ETF (SMLE) and SPDR S&P SmallCap 600 ESG ETF (ESIX).

Glaukos issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $304.00 million-$308.00 million, compared to the consensus revenue estimate of $298.69 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 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 retail and institutional investors. Top institutional shareholders include Brown Capital Management LLC (5.42%), Artisan Partners Limited Partnership (3.82%), State Street Corp (3.66%), Braidwell LP (2.15%), Geode Capital Management LLC (1.88%) and Dimensional Fund Advisors LP (1.72%). Insiders that own company stock include Gilbert H Kliman, Joseph E Gilliam, 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 $75.25.

Glaukos (NYSE:GKOS) has a market capitalization of $3.66 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 ($2.64) on an earnings per share basis.

The company employs 783 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.