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

Inovio Pharmaceuticals

13/05/2024 22:02

* Inovio Pharmaceuticals Inc  INO.OQ  reported a quarterly
adjusted loss of $1.31​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $-1.92.  The mean expectation of five analysts
for the quarter was for a loss of 100 cents per share. Wall
Street expected results to range from $-1.17 to -86 cents per
share.
    * Reported revenue was zero​; analysts expected $150.80
thousand. 
    * Inovio Pharmaceuticals Inc's reported EPS for the quarter
was a
loss of $1.31​.
    * The company reported a quarterly loss of $30.47 million.
    * Inovio Pharmaceuticals Inc shares had fallen by 23.3% this
quarter and gained 74.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
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 2 "strong buy" or "buy," 3
"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 Inovio
Pharmaceuticals Inc is $14.50 
This summary was machine generated from LSEG data May 13 at
09:01 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      -1.00          -1.31          Missed
 Dec. 31 2023      -1.27          -1.12          Beat
 Sep. 30 2023      -1.52          -1.56          Missed
 Jun. 30 2023      -1.74          -1.56          Beat