Durect Corp Expected To Post A Loss Of 51 Cents A Share: Earnings Preview

DURECT

08/08/2023 03:06

* DURECT Corp  DRRX.OQ   DRRX.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 9. 
    * The Cupertino California-based  company is expected to
report  a
41.8% increase in revenue to $2.944 million from $2.08 million a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for DURECT Corp is for
a loss
of 51 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$34.5​, above​ its last closing price of $3.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.52       -0.53      -0.47     Beat    11.3
 Dec. 31 2023  -0.54       -0.55      -0.46     Beat    15.9
 Sep. 30 2022  -0.10       -0.10      -0.10     Met     0​
 Jun. 30 2022              -0.47      -0.50     Missed  -7.1
 ​​Mar.        -0.50       -0.53      -0.50     Beat    6.2
 31 2022                                                
 Dec. 31 2021              -0.47      -0.30     Beat    35.7​
 Sep. 30 2021  -0.50       -0.47      -0.40     Beat    14.3
 Jun. 30 2021  -0.30       -0.42      -0.40     Beat    5.9
 This summary was machine generated August 8 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated