Ensysce Biosciences Inc reports results for the quarter ended in December - Earnings Summary

Ensysce Biosciences

19/03/2024 21:01

* Ensysce Biosciences Inc  ENSC.OQ  reported a quarterly
adjusted
loss of $1.37​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-18.24.  The mean expectation of three analysts
for the quarter was for a loss of 87 cents per share. Wall
Street expected results to range from -93 cents to -81 cents per
share.
    * Revenue fell 64.1% to $515.03 thousand from a year ago;
analysts
expected $395.00 thousand. 
    * Ensysce Biosciences Inc's reported EPS for the quarter was
a
loss of $1.37​.
    * The company reported a quarterly loss of $3.5 million.
    * Ensysce Biosciences Inc shares had fallen by 23.6% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"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 Ensysce
Biosciences Inc is $16.30 
This summary was machine generated from LSEG data March 19 at
09:00 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
 Dec. 31 2023      -0.87          -1.37          Missed
 Sep. 30 2023      -1.06          -0.87          Beat
 Jun. 30 2023      -2.73          -0.98          Beat
 Mar. 31 2023      -5.08          -2.08          Beat