ADC Therapeutics SA ADCT.N reported a quarterly adjusted loss of 38 cents per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for a loss of 47 cents per share. Wall Street expected results to range from -65 cents to -36 cents per share.
Revenue rose 8.2% to $18.84 million from a year ago; analysts expected $17.86 million.
ADC Therapeutics SA's reported EPS for the quarter was a loss of 50 cents.
The company reported a quarterly loss of $56.65 million.
ADC Therapeutics SA shares had held steady so far this quarter and gained 34.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 18.5% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for ADC Therapeutics SA is $9.00, about 70.2% above its last closing price of $2.68
This summary was machine generated from LSEG data August 12 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)