Sol Gel Technologies Ltd reports results for the quarter ended September 30 - Earnings Summary

SOL-GEL TECHNOLOGIES

15/11/2024 12:32

* Sol Gel Technologies Ltd  SLGL.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -21 cents.  The mean expectation of two analysts
for the quarter was for a loss of 13 cents per share. Wall
Street expected results to range from -21 cents to -5 cents per
share.
    * Revenue rose 2,416.9% to $5.36 million from a year ago;
analysts
expected $2.69 million. 
    * Sol Gel Technologies Ltd's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $366 thousand.
    * Sol Gel Technologies Ltd shares had fallen by 26.5% this
quarter and lost 54.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 36.6%
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 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 also "buy"

Wall Street's median 12-month price target for Sol Gel
Technologies Ltd is 5.00 
This summary was machine generated from LSEG data November 15 at
12:32 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
 Jan. 1 0001       -0.13          -0.01          Beat
 Jun. 30 2024      -0.20          0.07           Beat
 Mar. 31 2024      -0.15          -0.23          Missed
 Dec. 31 2023      -0.17          -0.17          Met