Opko Health Inc Reports Results For The Quarter Ended In March: Earnings Summary

OPKO Health

07/05/2024 22:22

* OPKO Health Inc  OPK.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -2 cents.  The mean expectation of six analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -14 cents to -6 cents per share.
    * Revenue fell 26.9% to $173.70 million from a year ago;
analysts
expected $182.99 million. 
    * OPKO Health Inc's reported EPS for the quarter was a loss
of 12
cents​.
    * The company reported a quarterly loss of $81.8 million.
    * OPKO Health Inc shares had risen by 10.0% this quarter and
lost 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.2%
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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is  "buy."

Wall Street's median 12-month price target for OPKO Health Inc
is $4.00 
This summary was machine generated from LSEG data May 7 at 09:22
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
 Mar. 31 2024      -0.09          -0.12          Missed
 Dec. 31 2023      -0.09          -0.09          Met
 Sep. 30 2023      -0.10          -0.11          Missed
 Jun. 30 2023      -0.07          -0.03          Beat