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

Wave Life Sciences

08/08/2024 14:31

* WAVE Life Sciences Ltd  WVE.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -20 cents.  The mean expectation of seven analysts for
the quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -34 cents to -8 cents per share.
    * Revenue fell 10.9% to $19.69 million from a year ago;
analysts
expected $24.34 million. 
    * WAVE Life Sciences Ltd's reported EPS for the quarter was
a loss
of 25 cents​.
    * The company reported a quarterly loss of $32.92 million.
    * WAVE Life Sciences Ltd shares had risen by 19.8% this
quarter and gained 18.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.8%
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 6 "strong buy" or "buy," 1
"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 $15.00 
This summary was machine generated from LSEG data August 8 at
01:31 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      -0.21          -0.25          Missed
 Mar. 31 2024      -0.21          -0.24          Missed
 Dec. 31 2023      -0.23          -0.15          Beat
 Sep. 30 2023      -0.18          0.07           Beat