Stoke Therapeutics Inc reports results for the quarter ended in June - Earnings Summary

Stoke Therapeutics

07/08/2024 14:26

* Stoke Therapeutics Inc  STOK.OQ  reported a quarterly
adjusted
loss of 46 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -69 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 56 cents per
share. Wall Street expected results to range from -65 cents
to -45 cents per share.
    * Revenue rose 294.7% to $4.83 million from a year ago;
analysts
expected $3.26 million. 
    * Stoke Therapeutics Inc's reported EPS for the quarter was
a loss
of 46 cents​.
    * The company reported a quarterly loss of $25.7 million.
    * Stoke Therapeutics Inc shares had risen by 5.3% this
quarter and
gained 170.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"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 Stoke
Therapeutics Inc is $21.00 
This summary was machine generated from LSEG data August 7 at
01:26 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
 Jun. 30 2024      -0.56          -0.46          Beat
 Mar. 31 2024      -0.61          -0.57          Beat
 Dec. 31 2023      -0.63          -0.60          Beat
 Sep. 30 2023      -0.63          -0.55          Beat