Olema Pharmaceuticals Inc reports results for the quarter ended September 30 - Earnings Summary

Olema Pharmaceuticals

12/11/2024 23:26

* Olema Pharmaceuticals Inc  OLMA.OQ  reported a quarterly
adjusted loss of 60 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -48 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 58 cents per
share. Wall Street expected results to range from -63 cents
to -50 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Olema Pharmaceuticals Inc's reported EPS for the quarter
was a
loss of 60 cents​.
    * The company reported a quarterly loss of $34.56 million.
    * Olema Pharmaceuticals Inc shares had risen by 6.5% this
quarter and lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 8 "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 Olema
Pharmaceuticals Inc is 29.50 
This summary was machine generated from LSEG data November 12 at
11:25 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
 Sep. 30 2024      -0.58          -0.60          Missed
 Jun. 30 2024      -0.55          -0.54          Beat
 Mar. 31 2024      -0.55          -0.56          Missed
 Dec. 31 2023      -0.48          -0.49          Missed