Korro Bio, Inc. reports results for the quarter ended June 30 - Earnings Summary
Korro Bio, Inc. reports results for the quarter ended June 30 - Earnings Summary
Korro Bio, Inc. KRRO.OQ reported a quarterly adjusted loss of $1.07 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-2.74. The mean expectation of nine analysts for the quarter was for a loss of $1.45 per share. Wall Street expected results to range from $-1.77 to -66 cents per share.
Reported revenue was zero; analysts expected $214.29 thousand.
Korro Bio, Inc.'s reported EPS for the quarter was a loss of $1.07.
The company reported a quarterly loss of $18.92 million.
Korro Bio, Inc. shares had risen by 0.5% this quarter and gained 65.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 11.9% 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 9 "strong buy" or "buy," 1 "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 Korro Bio, Inc. is $22.00, about 39.8% above its last closing price of $13.25
This summary was machine generated from LSEG data August 10 at 01:31 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 2026 | -1.45 | -1.07 | Beat |
Mar. 31 2026 | -1.84 | -1.69 | Beat |
Dec. 31 2025 | -2.07 | -1.65 | Beat |
Sep. 30 2025 | -2.59 | -1.92 | Beat |
Recent news on Korro Bio
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Brief: Korro Announces First Cohort Dosed In Phase 1/2 Clinical Trial (Anchor) For Krro-121
Brief: Korro Bio Reports Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)
Korro Bio, Inc. reports results for the quarter ended June 30 - Earnings Summary
Korro Bio, Inc. expected to post a loss of $1.43 a share - Earnings Preview