Overview
Guardant Health Q3 revenue grows 39% yr/yr, beating analyst expectations
Adjusted loss per share for Q3 beats consensus, reflecting operational improvements
Company raises 2025 revenue guidance to $965-$970 mln, indicating strong growth outlook
Outlook
Guardant Health raises 2025 revenue guidance to $965-$970 mln, up from $915-$925 mln
Company expects 2025 oncology revenue to grow 25% year-over-year
Screening revenue for 2025 expected between $71-$73 mln, driven by Shield tests
Result Drivers
ONCOLOGY TEST VOLUME - Co attributes 40% growth in oncology test volume to strong performance across Guardant360 Liquid, Tissue, and Reveal tests
SCREENING REVENUE - Shield screening tests generated $24.1 mln in revenue, marking significant growth from $1 mln in prior year period
STRATEGIC COLLABORATIONS - Co established partnerships with Quest Diagnostics and PathGroup to expand Shield access nationwide
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$265.20 mln
$235.69 mln (20 Analysts)
Q3 Adjusted EPS
Beat
-$0.39
-$0.76 (11 Analysts)
Q3 EPS
-$0.74
Q3 Adjusted Net Income
Beat
-$48.30 mln
-$98.59 mln (10 Analysts)
Q3 Adjusted EBITDA
Beat
-$45.50 mln
-$55.01 mln (12 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"
Wall Street's median 12-month price target for Guardant Health Inc is $70.00, about 0.6% above its October 28 closing price of $69.58
Press Release: ID:nBw5MLpcNa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)