Ascendis Pharma A/S ASND.OQ reported a quarterly adjusted loss of 64 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of €-1.91. The mean expectation of fifteen analysts for the quarter was for a loss of €1.25 per share. Wall Street expected results to range from €-1.77 to -79 cents per share.
Revenue rose 339% to €158.05 million from a year ago; analysts expected €141.55 million.
Ascendis Pharma A/S's reported EPS for the quarter was a loss of 64 cents.
The company reported a quarterly loss of €38.86 million.
Ascendis Pharma A/S shares had risen by 5.8% this quarter and gained 32.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 6.1% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is also "buy"
Wall Street's median 12-month price target for Ascendis Pharma A/S is $224.50, about 15.2% above its last closing price of $190.35
This summary was machine generated from LSEG data August 8 at 03:24 a.m. UTC. All figures in euros unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)