Mineralys Therapeutics Inc reports results for the quarter ended in June - Earnings Summary

Mineralys Therapeutics

13/08/2024 23:30

* Mineralys Therapeutics Inc  MLYS.OQ  reported a quarterly
adjusted loss of 83 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 70 cents per
share. Wall Street expected results to range from -84 cents
to -65 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Mineralys Therapeutics Inc's reported EPS for the quarter
was a
loss of 83 cents​.
    * The company reported a quarterly loss of $41.01 million.
    * Mineralys Therapeutics Inc shares had fallen by 3.1% this
quarter and gained 31.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 8 "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 Mineralys
Therapeutics Inc is $32.00 
This summary was machine generated from LSEG data August 13 at
10:30 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      -0.70          -0.83          Missed
 Mar. 31 2024      -0.67          -0.70          Missed
 Dec. 31 2023      -0.82          -0.61          Beat
 Sep. 30 2023      -0.76          -0.57          Beat