Tectonic Therapeutic Inc reports results for the quarter ended in June - Earnings Summary

Tectonic Therapeutic

16/08/2024 22:21

* Tectonic Therapeutic Inc  TECX.OQ  reported a quarterly
adjusted
loss of $4.34​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-4.44.  The mean expectation of three analysts for the
quarter was for a loss of $1.50 per share. Wall Street expected
results to range from $-3.00 tozero cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Tectonic Therapeutic Inc's reported EPS for the quarter
was a
loss of $4.34​.
    * The company reported a quarterly loss of $12.67 million.
    * Tectonic Therapeutic Inc shares had risen by 2.6% this
quarter and gained 3.6% so far this year.

FORECAST CHANGES
    * 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 3 "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 Tectonic
Therapeutic Inc is $62.50 
This summary was machine generated from LSEG data August 16 at
09:21 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      -1.50          -4.34          Missed
 Mar. 31 2024      -4.32          -1.80          Beat
 Dec. 31 2023      -4.04          -2.40          Beat
 Sep. 30 2023      -3.40          -5.28          Missed