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SGMOQ Sangamo Therapeutics News Story

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Brief: Sangamo Therapeutics Q2 EPS USD -0.08 Vs. IBES Estimate USD -0.13

Overview

Sangamo Q2 revenue rises to $18.3 mln but missed analyst expectations, per LSEG data

Net loss of $0.08 per share beats analyst estimates, per LSEG data

Outlook

Company reiterates 2025 operating expenses guidance of $135 mln to $155 mln

Result Drivers

NEUROLOGY PIPELINE - Initiation of first clinical site for STAND study in chronic neuropathic pain marks entry into clinical-stage neurology

EQUITY OFFERING - Raised $21 mln in net proceeds from equity offering, contributing to financial activities

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$18.31 mln$31.70 mln (5 Analysts)
Q2 EPSBeat-$0.08-$0.13 (4 Analysts)
Q2 Net Income-$19.99 mln
Q2 Adjusted Operating Expenses$33 mln
Q2 Operating Expenses$36.20 mln
Q2 Operating Income-$17.86 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the biotechnology & medical research peer group is "buy" Wall Street's median 12-month price target for Sangamo Therapeutics Inc is $2.00, about 73.5% above its August 6 closing price of $0.53 Press Release: ID:nGNXxkmCr (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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