Zai Lab Ltd reports results for the quarter ended December 31 - Earnings Summary

Reuters
27 Feb
Zai Lab Ltd reports results for the quarter ended December 31 - Earnings Summary
  • Zai Lab Ltd ZLAB.OQ reported a quarterly adjusted loss of 80 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.00. The mean expectation of six analysts for the quarter was for a loss of 65 cents per share. Wall Street expected results to range from -74 cents to -48 cents per share.

  • Revenue rose 64.8% to $108.51 million from a year ago; analysts expected $110.21 million.

  • Zai Lab Ltd's reported EPS for the quarter was a loss of 80 cents​.

  • The company reported a quarterly loss of $81.68 million.

  • Zai Lab Ltd shares had risen by 33.9% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 6.5% in the last three months.​

  • In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the pharmaceuticals peer group is also "buy"

Wall Street's median 12-month price target for Zai Lab Ltd is $50.00

This summary was machine generated from LSEG data February 27 at 02:30 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

Dec. 31 2024

-0.65

-0.80

Missed

Sep. 30 2024

-0.78

-0.42

Beat

Jun. 30 2024

-0.71

-0.80

Missed

Mar. 31 2024

-0.92

-0.50

Beat

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