Phathom Pharmaceuticals Inc reports results for the quarter ended in December - Earnings Summary

Phathom Pharmaceuticals

07/03/2024 16:02

* Phathom Pharmaceuticals Inc  PHAT.OQ  reported a quarterly
adjusted loss of $1.39​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $-1.33.  The mean expectation of
seven analysts for the quarter was for a loss of $1.08 per
share. Wall Street expected results to range from $-1.52 to -85
cents per share.
    * Revenue was $682.00 thousand​; analysts expected $412.33
thousand. 
    * Phathom Pharmaceuticals Inc's reported EPS for the quarter
was a
loss of $1.39​.
    * The company reported a quarterly loss of $79.57 million.
    * Phathom Pharmaceuticals Inc shares had risen by 6.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% 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 7 "strong buy" or "buy," 1
"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 Phathom
Pharmaceuticals Inc is $26.00 
This summary was machine generated from LSEG data March 7 at
04:02 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
 Dec. 31 2023      -1.08          -1.39          Missed
 Sep. 30 2023      -0.89          -0.76          Beat
 Jun. 30 2023      -0.98          -0.84          Beat
 Mar. 31 2023      -1.26          -0.89          Beat