Crinetics Pharmaceuticals Inc reports results for the quarter ended in June - Earnings Summary

Crinetics Pharmaceuticals

08/08/2024 23:49

* Crinetics Pharmaceuticals Inc  CRNX.OQ  reported a
quarterly
adjusted loss of 94 cents​​ per share for the quarter ended in
June, identical to the same quarter last year.  The mean
expectation of thirteen analysts for the quarter was for a loss
of 86 cents per share. Wall Street expected results to range
from $-1.06 to -69 cents per share.
    * Revenue fell 59.6% to $399.00 thousand from a year ago;
analysts
expected $510.00 thousand. 
    * Crinetics Pharmaceuticals Inc's reported EPS for the
quarter was
a loss of 94 cents​.
    * The company reported a quarterly loss of $74.06 million.
    * Crinetics Pharmaceuticals Inc shares had risen by 7.8%
this
quarter and gained 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% 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," 1
"hold" and no "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 Crinetics
Pharmaceuticals Inc is $70.00 
This summary was machine generated from LSEG data August 8 at
10:49 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      -0.86          -0.94          Missed
 Mar. 31 2024      -0.81          -0.93          Missed
 Dec. 31 2023      -0.86          -0.90          Missed
 Sep. 30 2023      -0.86          -1.01          Missed