Assertio Holdings Inc expected to post a loss of 3 cents a share - Earnings Preview

Assertio Holdings

06/08/2024 03:22

* Assertio Holdings Inc  ASRT.OQ   ASRT.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Lake Forest Illinois-based  company is expected to
report a
26.6% decrease in revenue to $30.082 million from $40.99 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Assertio Holdings Inc is
for a
loss of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Assertio
Holdings
Inc is $3.00​, above​ its last closing price of $1.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.03       -0.03      -0.05     Missed  -66.7
 Jan. 1 2024   0.00        -0.02      -0.61     Missed  -2,950
 Sep. 30 2023  0.04        0.07       -0.46     Missed  -719.5
                                                        ​
 Jun. 30 2023  0.14        0.14       0.13      Missed  -9.9
 ​​Mar.        0.13        0.13       -0.07     Missed  -153.5
 31 2023                                                
 Dec. 31 2022  0.46        0.48       1.34      Beat    178.3​
 Sep. 30 2022  0.07        0.07       0.08      Beat    22.6
 Jun. 30 2022  0.08        0.08       0.16      Beat    106.9
 This summary was machine generated August 6 at 02:22 GMT.  All
figures in US dollars 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)