Durect Corp Expected To Post A Loss Of 42 Cents A Share: Earnings Preview

DURECT

27/10/2023 13:07

* DURECT Corp  DRRX.OQ   DRRX.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Cupertino California-based  company is expected to
report  a
75.2% decrease in revenue to $2.971 million from $11.98 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for DURECT Corp is for
a loss
of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for DURECT Corp
is
$32​, above​ its last closing price of $2.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -0.48       -0.51      -0.42     Beat    17.6
 Mar. 31 2023  -0.52       -0.53      -0.47     Beat    11.3
 Dec. 31 2022  -0.54       -0.55      -0.46     Beat    15.9​
 Sep. 30 2022  -0.10       -0.10      -0.10     Met     0
 ​​Jun.                    -0.47      -0.50     Missed  -7.1
 30 2022                                                
 Mar. 31 2022  -0.50       -0.53      -0.50     Beat    6.2​
 Dec. 31 2021              -0.47      -0.30     Beat    35.7
 Sep. 30 2021  -0.50       -0.47      -0.40     Beat    14.3
 This summary was machine generated October 27 at 12:06 GMT.  All
figures in US dollars  unless otherwise stated