Nkarta Inc reports results for the quarter ended in January - Earnings Summary

Nkarta

09/05/2024 22:59

* Nkarta Inc  NKTX.OQ  reported a quarterly adjusted loss
of 58
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -63
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 56 cents per share. Wall Street expected
results to range from -65 cents to -46 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Nkarta Inc's reported EPS for the quarter was a loss of 58
cents​.
    * The company reported a quarterly loss of $29.52 million.
    * Nkarta Inc shares had fallen by 40.8% this quarter and
lost 3.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 Nkarta Inc is
$18.00 
This summary was machine generated from LSEG data May 9 at 09:58
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      -0.56          -0.58          Missed
 Dec. 31 2023      -0.59          -0.57          Beat
 Sep. 30 2023      -0.67          -0.52          Beat
 Jun. 30 2023      -0.68          -0.60          Beat