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SPRO — Spero Therapeutics News Story

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Spero Therapeutics Q3 net loss narrows

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

MetricBeat/MissActualConsensus Estimate
Q3 EPS-$0.13
Q3 Net IncomeBeat-$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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