Assertio Holdings Inc reports results for the quarter ended in December - Earnings Summary

Assertio Holdings

11/03/2024 21:01

* Assertio Holdings Inc  ASRT.OQ  reported a quarterly
adjusted
loss of 61 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.34.  The mean expectation of two analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -4 cents tozero cents per share.
    * Revenue fell 34.5% to $32.99 million from a year ago;
analysts
expected $33.81 million. 
    * Assertio Holdings Inc's reported EPS for the quarter was a
loss
of 61 cents​.
    * The company reported a quarterly loss of $57.38 million.
    * Assertio Holdings Inc shares had fallen by 14.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Assertio Holdings
Inc is $3.50 
This summary was machine generated from LSEG data March 11 at
09:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.02          -0.61          Missed
 Sep. 30 2023      0.07           -0.46          Missed
 Jun. 30 2023      0.14           0.13           Missed
 Mar. 31 2023      0.13           -0.07          Missed