Novan Inc expected to post a loss of 60  cents a share - Earnings Preview

NVN Liquidation

13/05/2022 15:37

* Novan Inc  NOVN.OQ   NOVN.O  is expected to show a rise in
quarterly revenue when it reports  results on May 16. 
    * The Durham North Carolina-based  company is expected to
report 
a 65.4% increase in revenue to $1.354 million from $819 thousand
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Novan Inc is for a
loss
of 60 cents per share. For the same quarter last year, the
company reported a loss of 60 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​, above​ its last closing price of $2.36. ​​​
    * 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 2021  -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. 31 2021  -0.50       -0.50      -0.60     Missed  -20
 ​​Dec.                    -0.60      -0.60     Met     0
 31 2020                                                
 Sep. 30 2020  -0.60       -0.55      -0.50     Beat    9.1​
 Jun. 30 2020  -0.95       -0.95      -0.70     Beat    26.3
 Mar. 31 2020  -2.20       -2.20      -1.70     Beat    22.7
 This summary was machine generated May 13 at 14:37 GMT.  All
figures in US dollars  unless otherwise stated