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

Veru

10/08/2023 14:32

* Veru Inc  VERU.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue fell 65.2% to $3.34 million from a year ago;
analysts
expected $10.22 million. 
    * Veru Inc's reported EPS for the quarter was 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Veru Inc shares had fallen by 9.2% this quarter and
lost 79.5%
so far this year.
    * The company reported quarterly net income of $6.31
million.
    * Wall Street's median 12-month price target for Veru Inc is
$2.00
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.20          -0.13          Beat
 Mar. 31 2023      -0.33          -0.48          Missed
 Dec. 31 2022      -0.38          -0.46          Missed
 Sep. 30 2022      -0.30          -0.51          Missed