Dynavax Technologies Corp reports results for the quarter ended in June - Earnings Summary

Dynavax Technologies

06/08/2024 23:17

* Dynavax Technologies Corp  DVAX.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 3 cents.  The mean expectation of five analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 3 cents to 10 cents per
share.
    * Revenue rose 22.5% to $73.80 million from a year ago;
analysts
expected $76.10 million. 
    * Dynavax Technologies Corp's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $11.39
million.
    * Dynavax Technologies Corp shares had fallen by 10.3% this
quarter and lost 28.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Dynavax
Technologies Corp is $27.00 
This summary was machine generated from LSEG data August 6 at
10:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.06           0.08           Beat
 Mar. 31 2024      -0.02          -0.07          Missed
 Dec. 31 2023      -0.01          0.00           Beat
 Sep. 30 2023      -0.01          0.10           Beat