How did TNGX's Q1 2025 EPS forecast compare to past trends?

Tango Therapeutics' (TNGX) Q1 2025 EPS forecast of -$0.35 represents a slight improvement compared to the company's recent past performance, but it continues to reflect significant financial challenges.

1. **Improvement over recent past**: The Q1 2025 EPS forecast of -$0.35 is an improvement from the most recent previous quarter's EPS of -$0.32. This indicates a slight positive trend, suggesting that the company's financial performance may be stabilizing or improving incrementally.
2. **Continued negative EPS**: Despite the improvement, the EPS remains negative, indicating that the company is still unprofitable. The EPS has been negative for the past several quarters, with the most recent data points showing -$0.29, -$0.35, and most recently, -$0.94.

|code|Ticker|Name|Date|Diluted EPS (FY) YoY|Diluted EPS (FY)|market_code|
|---|---|---|---|---|---|---|
|TNGX|TNGX.O|Tango Therapeutics|2020||-1.63|185|
|TNGX|TNGX.O|Tango Therapeutics|2021|42.331288343558285|-0.94|185|
|TNGX|TNGX.O|Tango Therapeutics|2022|-30.85106382978724|-1.23|185|
|TNGX|TNGX.O|Tango Therapeutics|2023|12.195121951219505|-1.08|185|
|TNGX|TNGX.O|Tango Therapeutics|2024|-10.185185185185173|-1.19|185|

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|TNGX|TNGX.O|Tango Therapeutics|2020 Q3||-0.76|185|
|TNGX|TNGX.O|Tango Therapeutics|2021 Q1||-0.29|185|
|TNGX|TNGX.O|Tango Therapeutics|2021 Q2||-0.09|185|
|TNGX|TNGX.O|Tango Therapeutics|2021 Q3|63.1578947368421|-0.28|185|
|TNGX|TNGX.O|Tango Therapeutics|2022 Q1|0|-0.29|185|
|TNGX|TNGX.O|Tango Therapeutics|2022 Q2|-211.11111111111117|-0.28|185|
|TNGX|TNGX.O|Tango Therapeutics|2022 Q3|-17.85714285714285|-0.33|185|
|TNGX|TNGX.O|Tango Therapeutics|2023 Q1|-10.344827586206906|-0.32|185|
|TNGX|TNGX.O|Tango Therapeutics|2023 Q2|17.85714285714286|-0.23|185|
|TNGX|TNGX.O|Tango Therapeutics|2023 Q3|30.303030303030305|-0.23|185|

3. **Significant challenges persist**: The company's financial performance is still under pressure, as evidenced by the significant revenue shortfall and the widening net loss. The revenue for the quarter was $4.12 million, missing the consensus estimate by 47.46%. The net loss for the year 2024 was $130.3 million, with a loss per share of $1.19, which is a further deterioration from the previous year's loss of $1.08 per share.
4. **Cash position and future prospects**: The company's cash position remains robust, with $257.9 million in cash, cash equivalents, and marketable securities as of December 31, 2024. This is expected to be sufficient to fund operations into the third quarter of 2026. However, the sustainability of the stock's immediate price movement will largely depend on management's commentary on the earnings call.

In conclusion, while there is a slight improvement in TNGX's Q1 2025 EPS forecast compared to the immediate previous quarter, the company's financial performance remains under pressure, with significant revenue shortfalls and ongoing net losses. The company's cash position provides a buffer, but the sustainability of the stock's performance will depend on future revenue growth and management's strategic decisions.