Ardelyx Inc expected to post a loss of 11 cents a share - Earnings Preview

Ardelyx

31/07/2023 13:36

* Ardelyx Inc  ARDX.OQ   ARDX.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 2. 
    * The Fremont California-based  company is expected to
report  a
504.6% increase in revenue to $15.273 million from $2.53 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ardelyx Inc is for
a loss
of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 Ardelyx Inc
is
$7​, above​ its last closing price of $3.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.10       -0.10      -0.13     Missed  -29.4
 Dec. 31 2023  0.06        0.00       0.06      Beat    6,100
 Sep. 30 2022  -0.17       -0.17      -0.14     Beat    16.9​
 Jun. 30 2022  -0.19       -0.19      -0.19     Met     1.3
 ​​Mar.        -0.22       -0.22      -0.21     Beat    5
 31 2022                                                
 Dec. 31 2021  -0.32       -0.30      -0.31     Missed  -2​
 Sep. 30 2021  -0.36       -0.35      -0.42     Missed  -20.5
 Jun. 30 2021  -0.37       -0.37      -0.45     Missed  -23.1
 This summary was machine generated July 31 at 12:36 GMT.  All
figures in US dollars  unless otherwise stated