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

DURECT

08/05/2023 23:05

* DURECT Corp  DRRX.OQ  reported a quarterly adjusted loss
of 47
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 53 cents per share.
    * Revenue rose 7.3% to $2.05 million from a year ago;
analysts
expected $2.89 million. 
    * DURECT Corp's reported EPS for the quarter was a loss
of 50
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * DURECT Corp shares had fallen by 4.2% this quarter and
gained 25.4% so far this year.
    * The company reported a quarterly loss of $11.99 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 May
8 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.53          -0.47          Beat
 Dec. 31 2022      -0.55          -0.46          Beat
 Sep. 30 2022      -0.10          -0.10          Met
 Jun. 30 2022      -0.47          -0.50          Missed