Molecular Templates Inc reports results for the quarter ended in June - Earnings Summary

Molecular Templates

10/08/2023 15:03

* Molecular Templates Inc  MTEM.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 34 cents per share.
    * Revenue rose 55.4% to $6.87 million from a year ago;
analysts
expected $2.58 million. 
    * Molecular Templates Inc's reported EPS for the quarter was
a
loss of 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 30.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Molecular Templates Inc shares had risen by 25.2% this
quarter and gained 83.2% so far this year.
    * The company reported a quarterly loss of $10.87 million.
    * Wall Street's median 12-month price target for Molecular
Templates Inc is $2.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 02:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.34          -0.19          Beat
 Mar. 31 2023      -0.28          0.19           Beat
 Dec. 31 2022      -0.30          -0.39          Missed
 Sep. 30 2022      -0.48          -0.44          Beat