Arbutus Biopharma Corp reports results for the quarter ended in June - Earnings Summary

Arbutus Biopharma

01/08/2024 14:34

* Arbutus Biopharma Corp  ABUS.OQ  reported a quarterly
adjusted
loss of 11 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -10 cents.  The mean expectation of five analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -8 cents per share.
    * Revenue fell 62.9% to $1.73 million from a year ago;
analysts
expected $1.76 million. 
    * Arbutus Biopharma Corp's reported EPS for the quarter was
a loss
of 11 cents​.
    * The company reported a quarterly loss of $19.8 million.
    * Arbutus Biopharma Corp shares had risen by 22.0% this
quarter and gained 50.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10% 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 4 "strong buy" or "buy," 1
"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 Arbutus Biopharma
Corp is $4.00 
This summary was machine generated from LSEG data August 1 at
01:34 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      -0.10          -0.11          Missed
 Mar. 31 2024      -0.11          -0.10          Beat
 Dec. 31 2023      -0.12          -0.12          Met
 Sep. 30 2023      -0.11          -0.12          Missed