Sol Gel Technologies Ltd reports results for the quarter ended in December - Earnings Summary

SOL-GEL TECHNOLOGIES

13/03/2024 13:32

* Sol Gel Technologies Ltd  SLGL.OQ  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -25 cents.  The mean expectation of two analysts
for the quarter was for a loss of 17 cents per share. Wall
Street expected results to range from -19 cents to -16 cents per
share.
    * Revenue rose 347% to $447.00 thousand from a year ago;
analysts
expected $267.50 thousand. 
    * Sol Gel Technologies Ltd's reported EPS for the quarter
was a
loss of 17 cents​.
    * The company reported a quarterly loss of $4.84 million.
    * Sol Gel Technologies Ltd shares had fallen by 4.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or
"buy," no "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 Sol Gel
Technologies Ltd is $8.00 
This summary was machine generated from LSEG data March 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
 Dec. 31 2023      -0.17          -0.17          Met
 Sep. 30 2023      -0.23          -0.21          Beat
 Jun. 30 2023      -0.25          -0.22          Beat
 Mar. 31 2023      -0.21          -0.41          Missed