Fortress Biotech Inc expected to post a loss of 59 cents a share - Earnings Preview

Reuters
2024-11-08
  • Fortress Biotech Inc FBIO.OQ FBIO.O is expected to show a fall in quarterly revenue when it reports results on November 12 (estimated) for the period ending January 1 0001

  • The Bay Harbor Islands Florida-based company is expected to report a 7.3% decrease in revenue to $32.218 million from $34.75 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

  • ​LSEG's mean analyst estimate for Fortress Biotech Inc is for a loss of 59 cents per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Fortress Biotech Inc is 13.00​, above​ its last closing price of $1.72. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Jan. 1 0001

-1.14

-1.22

-0.73

Beat

40.3

Mar. 31 0001

-1.69

-1.73

-1.03

Beat

40.5

Dec. 31 2023

-1.67

-1.97

-1.28

Beat

34.9​

Sep. 30 2023

-3.12

-3.21

-0.94

Beat

70.7

​​Jun. 30 2023

-3.31

-3.41

-3.60

Missed

-5.5

Jan. 1 0001

-3.38

-3.00

-3.15

Missed

-5​

Jan. 1 0001

-3.43

-3.37

-4.46

Missed

-32.2

Sep. 30 2022

-3.18

-4.05

-3.75

Beat

7.4

This summary was machine generated November 8 at 15:50 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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