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

Veru

08/05/2024 14:52

* Veru Inc  VERU.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 -48
cents.  The mean expectation of three analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -7 cents to -4 cents per share.
    * Revenue fell 37.2% to $4.14 million from a year ago;
analysts
expected $3.00 million. 
    * Veru Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $10.03 million.
    * Veru Inc shares had risen by 132.8% this quarter and
gained 126.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 53.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 May 8 at 01:52
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      -0.05          -0.07          Missed
 Dec. 31 2023      -0.10          -0.08          Beat
 Sep. 30 2023      -0.23          -0.12          Beat
 Jun. 30 2023      -0.20          -0.13          Beat