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

Ardelyx

31/10/2023 13:32

* Ardelyx Inc  ARDX.OQ  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in September. The mean
expectation of eight analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 1,031% to $56.39 million from a year ago;
analysts
expected $22.57 million. 
    * Ardelyx Inc's reported EPS for the quarter was 3 cents​.
    * The mean earnings estimate of analysts had risen by
about 14% 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 fallen by 11.3% this quarter and
gained 27.0% so far this year.
    * The company reported quarterly net income of $6.63
million.
    * Wall Street's median 12-month price target for Ardelyx Inc
is
$9.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 8 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.11          0.03           Beat
 Jun. 30 2023      -0.11          -0.08          Beat
 Mar. 31 2023      -0.10          -0.13          Missed
 Dec. 31 2022      0.00           0.06           Beat