Crinetics Pharmaceuticals Inc reports results for the quarter ended June 30 - Earnings Summary
Crinetics Pharmaceuticals Inc reports results for the quarter ended June 30 - Earnings Summary
Crinetics Pharmaceuticals Inc CRNX.OQ reported a quarterly adjusted loss of $1.14 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.23. The mean expectation of fourteen analysts for the quarter was for a loss of $1.21 per share. Wall Street expected results to range from $-1.35 to -87 cents per share.
Revenue rose 2,336.3% to $25.12 million from a year ago; analysts expected $14.84 million.
Crinetics Pharmaceuticals Inc's reported EPS for the quarter was a loss of $1.14.
The company reported a quarterly loss of $120.86 million.
Crinetics Pharmaceuticals Inc shares had risen by 123.8% this quarter and gained 79.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.3% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Crinetics Pharmaceuticals Inc is $85.00, about 1.5% above its last closing price of $83.76
This summary was machine generated from LSEG data August 4 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 2026 | -1.21 | -1.14 | Beat |
Mar. 31 2026 | -1.24 | -1.23 | Beat |
Dec. 31 2025 | -1.37 | -1.29 | Beat |
Sep. 30 2025 | -1.26 | -1.38 | Missed |
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Crinetics Pharmaceuticals Inc reports results for the quarter ended June 30 - Earnings Summary
Crinetics Q2 revenue jumps on PALSONIFY launch, withdraws guidance
Brief: Crinetics Pharmaceuticals Q2 Net Income USD -120.855 Million