Arcutis Biotherapeutics Inc expected to post a loss of 78 cents a share - Earnings Preview

Arcutis Biotherapeutics

23/02/2024 15:33

* Arcutis Biotherapeutics Inc  ARQT.OQ   ARQT.O  is expected
to show a rise in quarterly revenue when it reports  results on
February 27 for the period ending December 31 2023
    * The Westlake Village California-based  company is expected
to
report a 283.0% increase in revenue to $11.34 million from $2.96
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Arcutis Biotherapeutics
Inc is
for a loss of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arcutis
Biotherapeutics Inc is $13.50​, above​ its last closing price
of $9.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.70       -0.86      -0.73     Beat    14.9
 Jun. 30 2023  -1.25       -1.25      -1.16     Beat    7.2
 Mar. 31 2023  -1.26       -1.28      -1.31     Missed  -2​
 Dec. 31 2022  -1.41       -1.42      -1.18     Beat    17.1
 ​​Sep.        -1.70       -1.67      -1.89     Missed  -13.2
 30 2022                                                
 Jun. 30 2022  -1.41       -1.43      -1.31     Beat    8.6​
 Mar. 31 2022  -1.51       -1.50      -1.27     Beat    15.4
 Dec. 31 2021  -1.40       -1.49      -1.42     Beat    5
 This summary was machine generated February 23 at 15:33 GMT. 
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)