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

SOL-GEL TECHNOLOGIES

10/08/2023 14:32

* Sol Gel Technologies Ltd  SLGL.OQ  reported a quarterly
adjusted
loss of 22 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 25 cents per share.
    * Revenue fell 83.1% to $594.00 thousand from a year ago;
analysts
expected $1.55 million. 
    * Sol Gel Technologies Ltd's reported EPS for the quarter
was a
loss of 22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Sol Gel Technologies Ltd shares had risen by 5.7% this
quarter and lost 30.7% so far this year.
    * The company reported a quarterly loss of $5.97 million.
    * Wall Street's median 12-month price target for Sol Gel
Technologies Ltd is $9.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.25          -0.22          Beat
 Mar. 31 2023      -0.21          -0.41          Missed
 Dec. 31 2022      -0.12          -0.25          Missed
 Sep. 30 2022      -0.07          -0.15          Missed