Wave Life Sciences Ltd Reports Results For The Quarter Ended In December: Earnings Summary

Wave Life Sciences

06/03/2024 14:43

* WAVE Life Sciences Ltd  WVE.OQ  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -47 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 23 cents per
share. Wall Street expected results to range from -43 cents to 2
cents per share.
    * Revenue rose 2,245.1% to $29.06 million from a year ago;
analysts expected $19.86 million. 
    * WAVE Life Sciences Ltd's reported EPS for the quarter was
a loss
of 15 cents​.
    * The company reported a quarterly loss of $16.26 million.
    * WAVE Life Sciences Ltd shares had fallen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 5 "strong buy" or "buy," 2
"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 WAVE Life
Sciences Ltd is $8.00 
This summary was machine generated from LSEG data March 6 at
02:42 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
 Dec. 31 2023      -0.23          -0.15          Beat
 Sep. 30 2023      -0.18          0.07           Beat
 Jun. 30 2023      -0.33          -0.20          Beat
 Mar. 31 2023      -0.04          -0.27          Missed