Praxis Precision Medicines Inc reports results for the quarter ended in June - Earnings Summary

Praxis Precision Medicines

13/08/2024 14:31

* Praxis Precision Medicines Inc  PRAX.OQ  reported a
quarterly
adjusted loss of $1.74​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-7.35.  The mean expectation of ten analysts
for the quarter was for a loss of $2.31 per share. Wall Street
expected results to range from $-3.24 to $-1.72 per share.
    * Revenue fell 54.3% to $357.00 thousand from a year ago;
analysts
expected $833.00 thousand. 
    * Praxis Precision Medicines Inc's reported EPS for the
quarter
was a loss of $1.74​.
    * The company reported a quarterly loss of $32.68 million.
    * Praxis Precision Medicines Inc shares had risen by 25.3%
this
quarter and gained 132.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
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 9 "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 Praxis Precision
Medicines Inc is $143.00 
This summary was machine generated from LSEG data August 13 at
01:31 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
 Jun. 30 2024      -2.31          -1.74          Beat
 Mar. 31 2024      -2.08          -2.84          Missed
 Dec. 31 2023      -3.18          -2.97          Beat
 Sep. 30 2023      -5.25          -2.70          Beat