Blueprint Medicines Corp reports results for the quarter ended in January - Earnings Summary

Blueprint Medicines

01/08/2024 14:31

* Blueprint Medicines Corp  BPMC.OQ  reported a quarterly
adjusted
loss of 80 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $-2.19.  The mean expectation of
eighteen analysts for the quarter was for a loss of $1.29 per
share. Wall Street expected results to range from $-1.53
to $-1.07 per share.
    * Revenue rose 140% to $138.16 million from a year ago;
analysts
expected $103.58 million. 
    * Blueprint Medicines Corp's reported EPS for the quarter
was a
loss of 80 cents​.
    * The company reported a quarterly loss of $49.99 million.
    * Blueprint Medicines Corp shares had risen by 0.5% this
quarter and gained 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Blueprint
Medicines Corp is $125.00 
This summary was machine generated from LSEG data August 1 at
01:31 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      -1.29          -0.80          Beat
 Mar. 31 2024      -1.66          -1.32          Beat
 Dec. 31 2023      -2.04          -1.82          Beat
 Sep. 30 2023      -2.37          -2.20          Beat