Alector Inc reports results for the quarter ended in December - Earnings Summary

Alector

27/02/2024 23:52

* Alector Inc  ALEC.OQ  reported a quarterly adjusted loss
of 49
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -63
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 77 cents per share. Wall Street expected
results to range from -83 cents to -65 cents per share.
    * Revenue rose 5.2% to $15.19 million from a year ago;
analysts
expected $9.64 million. 
    * Alector Inc's reported EPS for the quarter was a loss
of 49
cents​.
    * The company reported a quarterly loss of $41.43 million.
    * Alector Inc shares had fallen by 18.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
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 9 "strong buy" or "buy," 2
"hold" and 1 "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 Alector Inc is
$12.00 
This summary was machine generated from LSEG data February 27 at
11:51 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 2023      -0.77          -0.49          Beat
 Sep. 30 2023      -0.66          -0.53          Beat
 Jun. 30 2023      -0.82          0.02           Beat
 Mar. 31 2023      -0.76          -0.55          Beat