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

Assertio Holdings

06/05/2024 23:02

* Assertio Holdings Inc  ASRT.OQ  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -7 cents.  The mean expectation of two analysts
for the quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -5 cents to -1 cents per share.
    * Revenue fell 23.6% to $32.45 million from a year ago;
analysts
expected $29.51 million. 
    * Assertio Holdings Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $4.51 million.
    * Assertio Holdings Inc shares had risen by 7.4% this
quarter and
lost 3.7% so far this year.

FORECAST CHANGES
    * 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 $3.00 
This summary was machine generated from LSEG data May 6 at 10:02
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
 Mar. 31 2024      -0.03          0.04           Beat
 Dec. 31 2023      -0.02          -0.61          Missed
 Sep. 30 2023      0.07           -0.46          Missed
 Jun. 30 2023      0.14           0.13           Missed