Cidara Therapeutics Inc reports results for the quarter - Earnings Summary

Reuters
2024-11-09
Cidara <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Inc reports results for the quarter - Earnings Summary
  • Cidara Therapeutics Inc CDTX.OQ reported a quarterly adjusted loss of $2.45​​ per share for the quarter , lower than the same quarter last year, when the company reported EPS of $-1.80. The mean expectation of three analysts for the quarter was for a loss of $4.25 per share. Wall Street expected results to range from $-5.66 to $-1.87 per share.

  • Reported revenue was zero​; analysts expected $433.33 thousand.

  • Cidara Therapeutics Inc's reported EPS for the quarter was a loss of $2.45​.

  • The company reported a quarterly loss of $15.99 million.

  • Cidara Therapeutics Inc shares had risen by 22.0% this quarter and lost 17.4% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 21.4% in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the biotechnology & medical research peer group is also "buy"

Wall Street's median 12-month price target for Cidara Therapeutics Inc is 29.00

This summary was machine generated from LSEG data November 8 at 09:04 p.m. UTC. ​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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

-4.25

-2.45

Beat

Jun. 30 2024

-3.22

-1.39

Beat

Mar. 31 2024

-0.20

-2.28

Missed

Dec. 31 2023

-2.07

-0.80

Beat

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