Beigene Ltd reports results for the quarter ended September 30 - Earnings Summary

Reuters
02-27
Beigene Ltd reports results for the quarter ended September 30 - Earnings Summary
  • Beigene Ltd ONC.OQ reported a quarterly adjusted loss of $1.87​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.20. The mean expectation of eleven analysts for the quarter was for a loss of $1.02 per share. Wall Street expected results to range from $-1.63 to 46 cents per share.

  • Revenue rose 28.2% to $1.00 billion from a year ago; analysts expected $1.04 billion.

  • Beigene Ltd's reported EPS for the quarter was a loss of $1.87​.

  • The company reported a quarterly loss of $121.35 million.

  • Beigene Ltd shares had risen by 40.2% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 12.7% 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 20 "strong buy" or "buy," 2 "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 Beigene Ltd is $285.00

This summary was machine generated from LSEG data February 27 at 12:26 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

-1.02

-1.15

Missed

Jun. 30 2024

-2.15

-1.15

Beat

Jun. 30 2024

-2.15

-2.41

Missed

Dec. 31 2023

-2.93

-3.53

Missed

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