Overview
Spero Q3 net loss narrows
Spero expects cash reserves to fund operations into 2028
Outlook
Spero expects cash reserves to fund operations into 2028
Result Drivers
REVENUE DECLINE - Decreased collaboration revenue with GSK and reduced grant revenue led to lower total revenue
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.13
Q3 Net Income
Beat
-$7.38 mln
-$22 mln (1 Analyst)
Q3 Income From Operation
-$7.92 mln
Q3 Operating Expenses
$13.36 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 Spero Therapeutics Inc is $5.00, about 46.8% above its November 12 closing price of $2.66
Press Release: ID:nGNX21XMV8
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(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.)