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

Alector

03/08/2023 22:40

* Alector Inc  ALEC.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for a loss of 82
cents per share.
    * Revenue fell 29.6% to $56.21 million from a year ago;
analysts
expected $5.02 million. 
    * Alector Inc's reported EPS for the quarter was 2 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Alector Inc shares had risen by 9.8% this quarter and
lost 28.5%
so far this year.
    * The company reported quarterly net income of $1.38
million.
    * Wall Street's median 12-month price target for Alector Inc
is
$12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.82          0.02           Beat
 Mar. 31 2023      -0.76          -0.55          Beat
 Dec. 31 2022      -0.46          -0.63          Missed
 Sep. 30 2022      -0.54          -0.56          Missed