Exelixis Inc reports results for the quarter ended in March - Earnings Summary

Exelixis

01/05/2024 24:57

* Exelixis Inc  EXEL.OQ  reported quarterly adjusted
earnings of
20 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 11 cents to 47 cents per share.
    * Revenue rose 4% to $425.23 million from a year ago;
analysts
expected $460.62 million. 
    * Exelixis Inc's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $37.32
million.
    * Exelixis Inc shares had held steady so far this
quarter and
lost 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Exelixis
Inc is
$27.00 

This summary was machine generated from LSEG data April 30 at
11:56 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
 Mar. 31 2024      0.24           0.20           Missed
 Dec. 31 2023      0.21           0.27           Beat
 Sep. 30 2023      0.10           0.00           Missed
 Jun. 30 2023      0.16           0.25           Beat