ERAS Stock - Erasca, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | $-3,732,000 | $-2,641,000 | $-829,000 | N/A |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-179,587,000 | $-141,525,000 | $-247,450,000 | $-124,883,000 | $-109,252,000 |
| Net Income | $-161,650,000 | $-125,042,000 | $-242,805,000 | $-122,764,000 | $-101,660,000 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-0.69 | $-0.83 | $-1.99 | $-1.03 | $-0.85 |
Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 16th 2025 | Stifel | Initiation | Buy | $4 |
| September 3rd 2025 | BofA Securities | Downgrade | Underperform | - |
| August 18th 2025 | Morgan Stanley | Downgrade | Equal Weight | $2 |
| March 26th 2025 | Raymond James | Initiation | Outperform | $5 |
| November 18th 2024 | Jefferies | Initiation | Buy | $6 |
| March 11th 2024 | CapitalOne | Initiation | Overweight | $8 |
| January 5th 2024 | BofA Securities | Downgrade | Neutral | $6← $11 |
| October 11th 2023 | H.C. Wainwright | Initiation | Buy | $10 |
| March 30th 2023 | Mizuho | Initiation | Buy | $9 |
| February 24th 2023 | Goldman | Initiation | Buy | $10 |
| February 3rd 2023 | Morgan Stanley | Upgrade | Overweight | $15 |
Earnings History & Surprises
ERASEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 11, 2026 | — | — | — | — |
Q1 2026 | Mar 19, 2026 | $-0.11 | — | — | — |
Q4 2025 | Nov 12, 2025 | $-0.11 | $-0.11 | 0.0% | = MET |
Q3 2025 | Aug 12, 2025 | $-0.12 | $-0.12 | 0.0% | = MET |
Q2 2025 | May 13, 2025 | $-0.12 | $-0.11 | +8.3% | ✓ BEAT |
Q1 2025 | Mar 20, 2025 | $-0.12 | $-0.11 | +8.3% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $-0.17 | $-0.11 | +35.3% | ✓ BEAT |
Q3 2024 | Aug 12, 2024 | $-0.17 | $-0.29 | -70.6% | ✗ MISS |
Q2 2024 | May 8, 2024 | $-0.21 | $-0.23 | -9.5% | ✗ MISS |
Q1 2024 | Mar 27, 2024 | $-0.24 | $-0.20 | +16.7% | ✓ BEAT |
Q4 2023 | Nov 9, 2023 | $-0.21 | $-0.20 | +4.8% | ✓ BEAT |
Q3 2023 | Aug 10, 2023 | $-0.27 | $-0.21 | +22.2% | ✓ BEAT |
Q2 2023 | May 15, 2023 | $-0.30 | $-0.22 | +26.7% | ✓ BEAT |
Q1 2023 | Mar 23, 2023 | $-0.30 | $-0.28 | +6.7% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-0.31 | $-0.29 | +6.5% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $-0.34 | $-0.30 | +11.8% | ✓ BEAT |
Q2 2022 | May 12, 2022 | $-0.30 | $-0.31 | -3.3% | ✗ MISS |
Q1 2022 | Mar 24, 2022 | $-0.31 | $-0.26 | +16.1% | ✓ BEAT |
Q4 2021 | Nov 10, 2021 | $-0.32 | $-0.27 | +15.6% | ✓ BEAT |
Q3 2021 | Aug 26, 2021 | $-0.65 | $-1.20 | -84.6% | ✗ MISS |
Latest News
Mizuho Maintains Outperform on Erasca, Raises Price Target to $5
📈 PositiveGuggenheim Maintains Buy on Erasca, Raises Price Target to $5
📈 PositiveErasca Q3 EPS $(0.11), Inline
➖ NeutralErasca Announces The U.S. Patent And Trademark Office Has Issued Patent No. 12,458,647 For Its pan-RAS Molecular Glue ERAS-0015 And Related Compounds
📈 PositiveStifel Initiates Coverage On Erasca with Buy Rating, Announces Price Target of $4
📈 PositiveErasca, Candle, Xencor drop as BofA downgrades on lack of near-term catalysts
📉 NegativeErasca shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and cut its price target from $4 to $1.
📉 NegativeB of A Securities Downgrades Erasca to Underperform, Lowers Price Target to $1
📉 NegativeMorgan Stanley Downgrades Erasca to Equal-Weight, Lowers Price Target to $2
📉 NegativeErasca Narrows Loss 46% in Fiscal Q2
📈 PositiveFrequently Asked Questions about ERAS
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