Novan Inc expected to post a loss of 57  cents a share - Earnings Preview

NVN Liquidation

09/08/2022 17:10

* Novan Inc  NOVN.OQ   NOVN.O  is expected to show a rise in
quarterly revenue when it reports  results on August 11. 
    * The Durham North Carolina-based  company is expected to
report 
a 750.7% increase in revenue to $6.355 million from $747
thousand a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Novan Inc is for a
loss
of 57 cents per share. For the same quarter last year, the
company reported a loss of 45 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$27​, above​ its last closing price of $2.93. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.63       -0.60      -0.71     Missed  -17.4
 Dec. 31 2022  -0.42       -0.42      -0.43     Missed  -1.2
 Sep. 30 2021  -0.42       -0.42      -0.34     Beat    19​
 Jun. 30 2021  -0.53       -0.53      -0.45     Beat    15.1
 ​​Mar.        -0.50       -0.50      -0.60     Missed  -20
 31 2021                                                
 Dec. 31 2020              -0.60      -0.60     Met     0​
 Sep. 30 2020  -0.60       -0.55      -0.50     Beat    9.1
 Jun. 30 2020  -0.95       -0.95      -0.70     Beat    26.3
 This summary was machine generated August 9 at 16:10 GMT.  All
figures in US dollars  unless otherwise stated