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

Assertio Holdings

07/08/2024 22:01

* Assertio Holdings Inc  ASRT.OQ  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 13 cents.  The mean expectation of five analysts for the
quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -5 cents to -2 cents per share.
    * Revenue fell 24.1% to $31.13 million from a year ago;
analysts
expected $30.08 million. 
    * Assertio Holdings Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $3.67 million.
    * Assertio Holdings Inc shares had risen by 0.8% this
quarter and
gained 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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 4 "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 $3.00 
This summary was machine generated from LSEG data August 7 at
09:01 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
 Jun. 30 2024      -0.03          -0.04          Missed
 Mar. 31 2024      -0.03          -0.05          Missed
 Dec. 31 2023      -0.02          -0.61          Missed
 Sep. 30 2023      0.07           -0.46          Missed