Acurx Pharmaceuticals Inc reports results for the quarter ended in March - Earnings Summary

Acurx Pharmaceuticals

15/05/2024 14:31

* Acurx Pharmaceuticals Inc  ACXP.OQ  reported a quarterly
adjusted loss of 28 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -25 cents.  The lone analyst forecast for the
quarter was for a loss of 24 cents per share. 
    * Reported revenue was zero​; analysts expected zero. 
    * Acurx Pharmaceuticals Inc's reported EPS for the quarter
was a
loss of 28 cents​.
    * The company reported a quarterly loss of $4.38 million.
    * Acurx Pharmaceuticals Inc shares had fallen by 14.7% this
quarter and lost 45.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 2 "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 Acurx
Pharmaceuticals Inc is $12.18 
This summary was machine generated from LSEG data May 15 at
01:31 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
 Mar. 31 2024      -0.24          -0.28          Missed
 Dec. 31 2023      -0.26          -0.37          Missed
 Sep. 30 2023      -0.27          -0.24          Beat
 Jun. 30 2023      -0.27          -0.28          Missed