Intra-Cellular Therapies Inc reports results for the quarter ended in June - Earnings Summary

Intra-Cellular Therapies

07/08/2024 15:23

* Intra-Cellular Therapies Inc  ITCI.OQ  reported a
quarterly
adjusted loss of 16 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -45 cents.  The mean expectation of
fifteen analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -27 cents
to -10 cents per share.
    * Revenue rose 45.7% to $161.39 million from a year ago;
analysts
expected $157.88 million. 
    * Intra-Cellular Therapies Inc's reported EPS for the
quarter was
a loss of 16 cents​.
    * The company reported a quarterly loss of $16.22 million.
    * Intra-Cellular Therapies Inc shares had risen by 14.1%
this
quarter and gained 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Intra-Cellular
Therapies Inc is $92.00 
This summary was machine generated from LSEG data August 7 at
02:22 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      -0.19          -0.16          Beat
 Mar. 31 2024      -0.32          -0.16          Beat
 Dec. 31 2023      -0.44          -0.30          Beat
 Sep. 30 2023      -0.57          -0.25          Beat