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

Ardelyx

03/05/2023 23:31

* Ardelyx Inc  ARDX.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 10
cents per share.
    * Revenue rose 2,329.3% to $11.37 million from a year ago;
analysts expected $10.60 million. 
    * Ardelyx Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had risen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Ardelyx Inc shares had fallen by 7.3% this quarter and
gained 55.8% so far this year.
    * The company reported a quarterly loss of $26.77 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 May
3 at 10:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.10          -0.13          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