Ardelyx Inc reports results for the quarter ended in December - Earnings Summary

Ardelyx

02/03/2023 22:04

* Ardelyx Inc  ARDX.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for breakeven
results per share.
    * Revenue rose 4,193.3% to $44.18 million from a year ago;
analysts expected $23.18 million. 
    * Ardelyx Inc's reported EPS for the quarter was 6 cents​.
    * The mean earnings estimate of analysts had risen by
about 95% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ardelyx Inc shares had risen by 2.5% this quarter.
    * The company reported quarterly net income of $10.7
million.
    * Wall Street's median 12-month price target for Ardelyx Inc
is
$6.50 
    * 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." 

This summary was machine generated from Refinitiv data March 2
at 10:04 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.00           0.06           Beat
 Sep. 30 2022      -0.17          -0.14          Beat
 Jun. 30 2022      -0.19          -0.19          Met
 Mar. 31 2022      -0.22          -0.21          Beat