Amarin Corporation PLC reports results for the quarter ended in September 30 - Earnings Summary

Amarin

31/10/2024 02:37

* Amarin Corporation PLC  AMRN.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -5 cents.  The mean expectation of three analysts for the
quarter was for a loss of 5 cents per share. 
    * Revenue fell 36.6% to $41.85 million from a year ago;
analysts
expected $44.51 million. 
    * Amarin Corporation PLC's reported EPS for the quarter was
a loss
of 6 cents​.
    * The company reported a quarterly loss of $25.13 million.
    * Amarin Corporation PLC shares had fallen by 2.4% this
quarter and lost 29.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
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 "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "sell"

Wall Street's median 12-month price target for Amarin
Corporation PLC is $1.00 
This summary was machine generated from LSEG data October 31 at
02:37 a.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      -0.05          -0.06          Missed
 Jun. 30 2024      -0.04          0.00           Beat
 Mar. 31 2024      -0.03          -0.02          Beat
 Dec. 31 2023      -0.03          -0.01          Beat