Alector Inc reports results for the quarter ended in September 30 - Earnings Summary

Alector

07/11/2024 14:30

* Alector Inc  ALEC.OQ  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -53 cents.  The mean expectation of eleven analysts for the
quarter was for a loss of 53 cents per share. Wall Street
expected results to range from -59 cents to -47 cents per share.
    * Revenue rose 68.4% to $15.34 million from a year ago;
analysts
expected $15.70 million. 
    * Alector Inc's reported EPS for the quarter was a loss
of 43
cents​.
    * The company reported a quarterly loss of $42.22 million.
    * Alector Inc shares had risen by 12.4% this quarter and
lost 34.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 8 "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 November 7 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
 Sep. 30 2024      -0.53          -0.43          Beat
 Jun. 30 2024      -0.50          -0.40          Beat
 Mar. 31 2024      -0.51          -0.38          Beat
 Dec. 31 2023      -0.77          -0.49          Beat