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

Amarin

01/11/2023 13:32

* Amarin Corporation PLC  AMRN.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of -1 cents.  The mean expectation of five analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -7 cents to -2 cents per share.
    * Revenue fell 26.5% to $66.06 million from a year ago;
analysts
expected $58.65 million. 
    * Amarin Corporation PLC's reported EPS for the quarter was
a loss
of 5 cents​.
    * The company reported a quarterly loss of $19.31 million.
    * Amarin Corporation PLC shares had fallen by 24.3% this
quarter and lost 42.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Amarin
Corporation PLC is $1.13 

This summary was machine generated from LSEG data November 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.04          -0.05          Missed
 Jun. 30 2023      -0.03          -0.04          Missed
 Mar. 31 2023      -0.03          -0.04          Missed
 Dec. 31 2022      0.00           0.00           Met