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

Assertio Holdings

09/05/2023 14:34

* Assertio Holdings Inc  ASRT.OQ  reported a quarterly
adjusted
loss of 7 cents​​ per share for the quarter ended in March. The
mean expectation of four analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue rose 16.2% to $42.47 million from a year ago;
analysts
expected $37.64 million. 
    * Assertio Holdings Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 8.4%
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 1.7% this
quarter and
gained 45.6% so far this year.
    * The company reported a quarterly loss of $3.48 million.
    * Wall Street's median 12-month price target for Assertio
Holdings
Inc is $8.00 
    * 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 May
9 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.08           0.16           Beat