Durect Corp Expected To Post A Loss Of 55 Cents A Share: Earnings Preview

DURECT

03/03/2023 11:21

* DURECT Corp  DRRX.OQ   DRRX.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 7. 
    * The Cupertino California-based  company is expected to
report  a
52.3% decrease in revenue to $3.481 million from $7.3 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for DURECT Corp is for
a loss
of 55 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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
$35​, above​ its last closing price of $4.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.10       -0.10      -0.10     Met     0
 Jun. 30 2022              -0.47      -0.50     Missed  -7.1
 Mar. 31 2022  -0.50       -0.53      -0.50     Beat    6.2​
 Dec. 31 2021              -0.47      -0.30     Beat    35.7
 ​​Sep.        -0.50       -0.47      -0.40     Beat    14.3
 30 2021                                                
 Jun. 30 2021  -0.30       -0.42      -0.40     Beat    5.9​
 Mar. 31 2021  -0.43       -0.44      -0.50     Missed  -13.6
 Dec. 31 2020  0.20        -0.32      -0.40     Missed  -26.3
 This summary was machine generated March 3 at 11:21 GMT.  All
figures in US dollars  unless otherwise stated