Xeris Biopharma Holdings Inc reports results for the quarter ended in June - Earnings Summary

Xeris Biopharma Holdings

08/08/2024 15:21

* Xeris Biopharma Holdings Inc  XERS.OQ  reported a
quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of six analysts
for the quarter was for a loss of 11 cents per share. Wall
Street expected results to range from -12 cents to -9 cents per
share.
    * Revenue rose 26.5% to $48.07 million from a year ago;
analysts
expected $45.81 million. 
    * Xeris Biopharma Holdings Inc's reported EPS for the
quarter was
a loss of 10 cents​.
    * The company reported a quarterly loss of $15.01 million.
    * Xeris Biopharma Holdings Inc shares had fallen by 5.3%
this
quarter and lost 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% 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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is  "buy."

Wall Street's median 12-month price target for Xeris Biopharma
Holdings Inc is $4.75 
This summary was machine generated from LSEG data August 8 at
02:21 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      -0.11          -0.10          Beat
 Mar. 31 2024      -0.12          -0.14          Missed
 Dec. 31 2023      -0.10          -0.10          Met
 Sep. 30 2023      -0.12          -0.09          Beat