Terns Pharmaceuticals Inc reports results for the quarter ended in March - Earnings Summary

Terns Pharmaceuticals

13/05/2024 15:34

* Terns Pharmaceuticals Inc  TERN.OQ  reported a quarterly
adjusted loss of 30 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 34 cents per
share. Wall Street expected results to range from -41 cents
to -29 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Terns Pharmaceuticals Inc's reported EPS for the quarter
was a
loss of 30 cents​.
    * The company reported a quarterly loss of $22.37 million.
    * Terns Pharmaceuticals Inc shares had fallen by 15.2% this
quarter and lost 14.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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 6 "strong buy" or "buy," 2
"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 Terns
Pharmaceuticals Inc is $15.00 
This summary was machine generated from LSEG data May 13 at
02:34 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      -0.34          -0.30          Beat
 Dec. 31 2023      -0.29          -0.29          Met
 Sep. 30 2023      -0.31          -0.42          Missed
 Jun. 30 2023      -0.34          -0.25          Beat