TG Therapeutics Inc reports results for the quarter ended in March - Earnings Summary

TG Therapeutics

01/05/2024 19:51

* TG Therapeutics Inc  TGTX.OQ  reported a quarterly
adjusted loss
of 7 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -28 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -12 cents to 5 cents per share.
    * Revenue rose 713.5% to $63.47 million from a year ago;
analysts
expected $54.61 million. 
    * TG Therapeutics Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $10.71 million.
    * TG Therapeutics Inc shares had fallen by 10.2% this
quarter and
lost 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 66% 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 7 "strong buy" or "buy," 1
"hold" and 1 "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 TG Therapeutics
Inc is $39.00 
This summary was machine generated from LSEG data May 1 at 06:51
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      -0.04          -0.07          Missed
 Dec. 31 2023      -0.10          -0.10          Met
 Sep. 30 2023      0.12           0.73           Beat
 Jun. 30 2023      -0.25          -0.34          Missed