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

Ardelyx

02/08/2023 13:52

* Ardelyx Inc  ARDX.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 784.1% to $22.33 million from a year ago;
analysts
expected $15.27 million. 
    * Ardelyx Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ardelyx Inc shares had risen by 13.3% this quarter and
gained 34.7% so far this year.
    * The company reported a quarterly loss of $17.12 million.
    * Wall Street's median 12-month price target for Ardelyx Inc
is
$7.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 12:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.08          Beat
 Mar. 31 2023      -0.10          -0.13          Missed
 Dec. 31 2022      0.00           0.06           Beat
 Sep. 30 2022      -0.17          -0.14          Beat