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

Molecular Templates

15/08/2024 07:03

* Molecular Templates Inc  MTEM.OQ  reported a quarterly
adjusted
loss of $1.23​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-2.85.  The lone analyst forecast for the quarter was for a
loss of $1.44 per share. 
    * Revenue fell 91.7% to $572.00 thousand from a year ago;
analysts
expected $430.00 thousand. 
    * Molecular Templates Inc's reported EPS for the quarter was
a
loss of $1.23​.
    * The company reported a quarterly loss of $8.1 million.
    * Molecular Templates Inc shares had risen by 23.6% this
quarter and lost 61.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "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 Molecular
Templates Inc is $18.00 
This summary was machine generated from LSEG data August 15 at
06:03 a.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      -1.44          -1.23          Beat
 Mar. 31 2024      -0.78          0.08           Beat
 Dec. 31 2023      -0.97          -0.73          Beat
 Sep. 30 2023      -1.39          -0.82          Beat