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

Veru

08/08/2024 14:32

* Veru Inc  VERU.OQ  reported a quarterly adjusted loss of 7
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -13
cents.  The mean expectation of five analysts for the quarter
was for a loss of 6 cents per share. Wall Street expected
results to range from -7 cents to -5 cents per share.
    * Revenue rose 18.3% to $3.95 million from a year ago;
analysts
expected $3.50 million. 
    * Veru Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $10.97 million.
    * Veru Inc shares had fallen by 8.6% this quarter and
gained 6.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
products
peer group is also "buy"

Wall Street's median 12-month price target for Veru Inc is $3.00
This summary was machine generated from LSEG data August 8 at
01:32 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 2024      -0.06          -0.07          Missed
 Mar. 31 2024      -0.05          -0.07          Missed
 Dec. 31 2023      -0.10          -0.08          Beat
 Sep. 30 2023      -0.23          -0.12          Beat