Sutro Biopharma Inc reports results for the quarter ended in January - Earnings Summary

Sutro Biopharma

13/05/2024 23:22

* Sutro Biopharma Inc  STRO.OQ  reported a quarterly
adjusted loss
of 95 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of -85 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 92 cents per share. Wall Street
expected results to range from $-1.09 to -72 cents per share.
    * Revenue rose 2.6% to $13.01 million from a year ago;
analysts
expected $12.07 million. 
    * Sutro Biopharma Inc's reported EPS for the quarter was a
loss
of 95 cents​.
    * The company reported a quarterly loss of $58.21 million.
    * Sutro Biopharma Inc shares had fallen by 26.5% this
quarter and
lost 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
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 10 "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 Sutro Biopharma
Inc is $12.00 
This summary was machine generated from LSEG data May 13 at
10:22 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
 Mar. 31 2024      -0.92          -0.95          Missed
 Dec. 31 2023      -0.82          0.52           Beat
 Sep. 30 2023      -0.74          -0.81          Missed
 Jun. 30 2023      -0.73          -0.64          Beat