Madrigal Pharmaceuticals Inc reports results for the quarter ended in June - Earnings Summary

Madrigal Pharmaceuticals

07/08/2024 14:52

* Madrigal Pharmaceuticals Inc  MDGL.OQ  reported a
quarterly
adjusted loss of $7.10​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $-4.69.  The mean expectation of
fifteen analysts for the quarter was for a loss of $7.53 per
share. Wall Street expected results to range from $-9.37
to $-6.52 per share.
    * Revenue was $14.64 million​; analysts expected $3.90
million. 
    * Madrigal Pharmaceuticals Inc's reported EPS for the
quarter was
a loss of $7.10​.
    * The company reported a quarterly loss of $151.97 million.
    * Madrigal Pharmaceuticals Inc shares had fallen by 4.9%
this
quarter and gained 15.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and 1 "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 Madrigal
Pharmaceuticals Inc is $385.00 
This summary was machine generated from LSEG data August 7 at
01:52 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      -7.53          -7.10          Beat
 Mar. 31 2024      -6.28          -7.38          Missed
 Dec. 31 2023      -5.28          -5.68          Missed
 Sep. 30 2023      -4.93          -5.34          Missed