Tectonic Therapeutic Inc reports results for the quarter ended in September 30 - Earnings Summary

Tectonic Therapeutic

08/11/2024 05:15

* Tectonic Therapeutic Inc  TECX.OQ  reported a quarterly
adjusted
loss of $1.20​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of $-5.28.  The mean expectation of three analysts
for the quarter was for a loss of 82 cents per share. Wall
Street expected results to range from -95 cents to -70 cents per
share.
    * Reported revenue was zero​; analysts expected zero. 
    * Tectonic Therapeutic Inc's reported EPS for the quarter
was a
loss of $1.20​.
    * The company reported a quarterly loss of $17.72 million.
    * Tectonic Therapeutic Inc shares had risen by 48.0% this
quarter and gained 174.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
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 4 "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 55.00 
This summary was machine generated from LSEG data November 8 at
05:15 a.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
 Sep. 30 2024      -0.82          -1.20          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