Novan Inc expected to post a loss of 42 cents a share - Earnings Preview

NVN Liquidation

27/10/2021 08:35

* Novan Inc  NOVN.OQ   NOVN.O  is expected to show a fall in
quarterly revenue when it reports results on October 28
(estimated). 
* The Durham, North Carolina-based company is expected to report
 a 42.9% decrease in revenue to $752 thousand from $1.32 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Novan Inc is for a loss
of 42 cents per share. For the same quarter last year, the
company reported a loss of 50 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
$30​, about 77% above​ its last closing price of $6.89. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  -0.53       -0.53      -0.45     Beat    15.1
 Mar. 31 2021  -0.50       -0.50      -0.60     Missed  -20
 Dec. 31 2020              -0.60      -0.60     Met     0​
 Sep. 30 2020  -0.60       -0.55      -0.50     Beat    9.1
 Jun.          -0.95​      -0.95      -0.70     Beat    26.3​
 30​ 2020​                                              
 Mar. 31 2020  -2.20       -2.20      -1.70     Beat    22.7​
 Dec. 31 2019              -4.50      1.10      Beat    124.4
 Sep. 30 2019  -4.20       -4.20      -3.20     Beat    23.8
 This summary was machine generated October 27 at 07:35 GMT.  All
figures in US dollars unless otherwise stated