MeiraGTx Holdings PLC reports results for the quarter ended in March - Earnings Summary

MeiraGTx Holdings

09/05/2024 15:34

* MeiraGTx Holdings PLC  MGTX.OQ  reported a quarterly
adjusted
loss of 32 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -62 cents.  The mean expectation of two analysts
for the quarter was for a loss of 50 cents per share. Wall
Street expected results to range from -69 cents to -32 cents per
share.
    * Revenue fell 79.1% to $697.00 thousand from a year ago;
analysts
expected $9.69 million. 
    * MeiraGTx Holdings PLC's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $20.44 million.
    * MeiraGTx Holdings PLC shares had fallen by 15.3% this
quarter and lost 26.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.2%
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 5 "strong buy" or "buy," no
"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 MeiraGTx Holdings
PLC is $20.00 
This summary was machine generated from LSEG data May 9 at 02:34
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      -0.50          -0.32          Beat
 Dec. 31 2023      -0.11          -0.42          Missed
 Sep. 30 2023      -0.55          -0.74          Missed
 Jun. 30 2023      -0.57          -0.53          Beat