Exact Sciences Q3 Earnings: Profitability Goal Execution Momentum Building Into 2023

Nov. 09, 2022 10:45 PM ETExact Sciences Corporation (EXAS)4 Comments
Bashar Issa profile picture
Bashar Issa
3.47K Followers

Summary

  • Exact Sciences demonstrated exceptional financial discipline during the third quarter, delivering robust growth with lower operating expenditure.
  • New product launches and label expansion of existing products support the company's growth projections.
  • Competition is increasing, but the company's unique market position, namely in its core CRC screening market, offers some competitive moat.
New Year 2023 Goals on Blackboard Background

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Investment Thesis

Exact Sciences (NASDAQ:EXAS) is trading at $39 per share, up 20% since the company reported its third-quarter results last week after the Wisconsin-based gene testing lab beat EPS estimates by a wide margin, demonstrating operational flexibility that signals an ability to

This article was written by

Bashar Issa profile picture
3.47K Followers
Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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