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

Assertio Holdings

03/08/2023 22:38

* Assertio Holdings Inc  ASRT.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 14 cents per share.
    * Revenue rose 16.7% to $40.99 million from a year ago;
analysts
expected $39.83 million. 
    * Assertio Holdings Inc's reported EPS for the quarter was
13
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Assertio Holdings Inc shares had fallen by 0.2% this
quarter and
gained 25.8% so far this year.
    * The company reported quarterly net income of $8.47
million.
    * Wall Street's median 12-month price target for Assertio
Holdings
Inc is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.14           0.13           Missed
 Mar. 31 2023      0.13           -0.07          Missed
 Dec. 31 2022      0.48           1.34           Beat
 Sep. 30 2022      0.07           0.08           Beat