Novan Inc expected to post a loss of 32 cents a share - Earnings Preview

NVN Liquidation

12/05/2023 15:30

* Novan Inc  NOVN.OQ   NOVN.O  is expected to show a rise in
quarterly revenue when it reports  results on May 15. 
    * The Durham North Carolina-based  company is expected to
report 
a 231.1% increase in revenue to $6.384 million from $1.93
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Novan Inc is for a
loss
of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Novan Inc
is
$15​, above​ its last closing price of $1.28. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.40       -0.31      -0.09     Beat    71.2
 Sep. 30 2022  -0.40       -0.39      -0.42     Missed  -6.6
 Jun. 30 2022  -0.56       -0.57      -0.46     Beat    19.3​
 Mar. 31 2022  -0.63       -0.60      -0.71     Missed  -17.4
 ​​Dec.        -0.42       -0.42      -0.43     Missed  -1.2
 31 2021                                                
 Sep. 30 2021  -0.42       -0.42      -0.34     Beat    19​
 Jun. 30 2021  -0.53       -0.53      -0.45     Beat    15.1
 Mar. 31 2021  -0.50       -0.50      -0.60     Missed  -20
 This summary was machine generated May 12 at 14:30 GMT.  All
figures in US dollars  unless otherwise stated