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

Amicus Therapeutics

08/08/2024 14:32

* Amicus Therapeutics Inc  FOLD.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -15 cents.  The mean expectation of
twelve analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -10 cents to 2
cents per share.
    * Revenue rose 34% to $126.67 million from a year ago;
analysts
expected $121.24 million. 
    * Amicus Therapeutics Inc's reported EPS for the quarter was
a
loss of 5 cents​.
    * The company reported a quarterly loss of $15.7 million.
    * Amicus Therapeutics Inc shares had risen by 0.8% this
quarter and lost 29.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29%
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 "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "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 Amicus
Therapeutics Inc is $18.50 
This summary was machine generated from LSEG data August 8 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
 Jun. 30 2024      -0.06          -0.05          Beat
 Mar. 31 2024      -0.07          -0.16          Missed
 Dec. 31 2023      -0.06          -0.11          Missed
 Sep. 30 2023      -0.08          -0.07          Beat