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

Madrigal Pharmaceuticals

07/05/2024 14:53

* Madrigal Pharmaceuticals Inc  MDGL.OQ  reported a
quarterly
adjusted loss of $7.38​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $-4.23.  The mean expectation of
thirteen analysts for the quarter was for a loss of $6.28 per
share. Wall Street expected results to range from $-7.34
to $-4.86 per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Madrigal Pharmaceuticals Inc's reported EPS for the
quarter was
a loss of $7.38​.
    * The company reported a quarterly loss of $147.54 million.
    * Madrigal Pharmaceuticals Inc shares had fallen by 11.8%
this
quarter and gained 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.9%
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 12 "strong buy" or "buy," 2
"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 $390.00 
This summary was machine generated from LSEG data May 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
 Mar. 31 2024      -6.28          -7.38          Missed
 Dec. 31 2023      -5.28          -5.68          Missed
 Sep. 30 2023      -4.93          -5.34          Missed
 Jun. 30 2023      -4.58          -4.69          Missed