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

Molecular Templates

16/05/2023 22:31

* Molecular Templates Inc  MTEM.OQ  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was for a
loss of 28 cents per share.
    * Revenue rose 331.6% to $36.63 million from a year ago;
analysts
expected $2.25 million. 
    * Molecular Templates Inc's reported EPS for the quarter was
19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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 10.6% this
quarter and gained 28.0% so far this year.
    * The company reported quarterly net income of $10.85
million.
    * Wall Street's median 12-month price target for Molecular
Templates Inc is $10.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
16 at 09:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.28          0.19           Beat
 Dec. 31 2022      -0.30          -0.39          Missed
 Sep. 30 2022      -0.48          -0.44          Beat
 Jun. 30 2022      -0.48          -0.44          Beat