Verastem Inc reports results for the quarter ended June 30 - Earnings Summary
Verastem Inc reports results for the quarter ended June 30 - Earnings Summary
Verastem Inc VSTM.OQ reported a quarterly adjusted loss of 35 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -39 cents. The mean expectation of nine analysts for the quarter was for a loss of 43 cents per share. Wall Street expected results to range from -47 cents to -34 cents per share.
Revenue rose 1,073.5% to $25.08 million from a year ago; analysts expected $23.09 million.
Verastem Inc's reported EPS for the quarter was a loss of 35 cents.
The company reported a quarterly loss of $34.67 million.
Verastem Inc shares had risen by 53.7% this quarter and lost 24.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.9% 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 9 "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 Verastem Inc is $15.50, about 62.1% above its last closing price of $5.87
This summary was machine generated from LSEG data August 6 at 09:00 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 2026 | -0.43 | -0.35 | Beat |
Mar. 31 2026 | -0.46 | -0.46 | Met |
Dec. 31 2025 | -0.54 | -0.50 | Beat |
Sep. 30 2025 | -0.64 | -1.35 | Missed |