Durect Corp Reports Results For The Quarter Ended In June: Earnings Summary

DURECT

09/08/2023 22:52

* DURECT Corp  DRRX.OQ  reported a quarterly adjusted loss
of 42
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 51 cents per share.
    * Revenue rose 0.2% to $2.08 million from a year ago;
analysts
expected $2.94 million. 
    * DURECT Corp's reported EPS for the quarter was a loss
of 46
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * DURECT Corp shares had fallen by 35.8% this quarter and
lost 8.1% so far this year.
    * The company reported a quarterly loss of $11.18 million.
    * Wall Street's median 12-month price target for DURECT Corp
is
$34.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.51          -0.42          Beat
 Mar. 31 2023      -0.53          -0.47          Beat
 Dec. 31 2022      -0.55          -0.46          Beat
 Sep. 30 2022      -0.10          -0.10          Met