CytomX Therapeutics Inc reports results for the quarter ended in June - Earnings Summary

CytomX Therapeutics

09/08/2024 24:26

* CytomX Therapeutics Inc  CTMX.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -2 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -25 cents to -1 cents per share.
    * Revenue rose 1.6% to $25.12 million from a year ago;
analysts
expected $19.99 million. 
    * CytomX Therapeutics Inc's reported EPS for the quarter was
a
loss of 8 cents​.
    * The company reported a quarterly loss of $6.53 million.
    * CytomX Therapeutics Inc shares had fallen by 4.9% this
quarter and lost 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * 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 4 "strong buy" or "buy," 3
"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 CytomX
Therapeutics Inc is $3.59 
This summary was machine generated from LSEG data August 8 at
11:26 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      -0.14          -0.08          Beat
 Mar. 31 2024      -0.08          0.17           Beat
 Dec. 31 2023      -0.03          0.01           Beat
 Sep. 30 2023      -0.19          0.04           Beat