Amarin Corporation PLC reports results for the quarter ended in March - Earnings Summary

Amarin

01/05/2024 14:33

* Amarin Corporation PLC  AMRN.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -4 cents.  The mean expectation of five analysts
for the quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -5 cents to -1 cents per share.
    * Revenue fell 34.3% to $56.52 million from a year ago;
analysts
expected $57.05 million. 
    * Amarin Corporation PLC's reported EPS for the quarter was
a loss
of 2 cents​.
    * The company reported a quarterly loss of $9.95 million.
    * Amarin Corporation PLC shares had risen by 3.4% this
quarter and
gained 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "hold"

Wall Street's median 12-month price target for Amarin
Corporation PLC is $1.00 
This summary was machine generated from LSEG data May 1 at 01:32
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      -0.03          -0.02          Beat
 Dec. 31 2023      -0.03          -0.01          Beat
 Sep. 30 2023      -0.04          -0.05          Missed
 Jun. 30 2023      -0.03          -0.04          Missed