Will Tyme Technologies, Inc.'s (NASDAQ:TYME) Earnings Grow Over The Next Few Years?
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In June 2019, Tyme Technologies, Inc. (NASDAQ:TYME) released its most recent earnings announcement, which revealed company earnings became less negative compared to the previous year's level - great news for investors Investors may find it useful to understand how market analysts predict Tyme Technologies's earnings growth trajectory over the next few years and whether the future looks brighter. Note that I will be looking at net income excluding extraordinary items to get a better understanding of the underlying drivers of earnings.
See our latest analysis for Tyme Technologies
Analysts' outlook for next year seems buoyant, with earnings becoming less negative, generating -US$29.0m in 2020.
Even though it is informative understanding the rate of growth each year relative to today’s value, it may be more insightful to estimate the rate at which the business is growing on average every year. The pro of this method is that it removes the impact of near term flucuations and accounts for the overarching direction of Tyme Technologies's earnings trajectory over time, fluctuate up and down. To calculate this rate, I've inserted a line of best fit through the forecasted earnings by market analysts. The slope of this line is the rate of earnings growth, which in this case is 25%. This means, we can anticipate Tyme Technologies will grow its earnings by 25% every year for the next couple of years.
Next Steps:
For Tyme Technologies, there are three fundamental aspects you should further examine:
Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for TYME's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.
Other High-Growth Alternatives: Are there other high-growth stocks you could be holding instead of TYME? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
