Xoma Royalty Corp Reports Results For The Quarter Ended In June: Earnings Summary

Xoma Royalty

13/08/2024 13:29

* XOMA Royalty Corp  XOMA.OQ  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -45 cents.  The mean expectation of three analysts for the
quarter was for a loss of 27 cents per share. Wall Street
expected results to range from -56 cents to -1 cents per share.
    * Revenue rose 241% to $5.65 million from a year ago;
analysts
expected $8.38 million. 
    * XOMA Royalty Corp shares had fallen by 2.4% this
quarter and
gained 25.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 48.6%
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 2 "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 XOMA Royalty Corp
is $42.00 
This summary was machine generated from LSEG data August 13 at
12:29 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
 Jan. 1 0001       -0.27          0.84           Beat
 Mar. 31 2024      -0.81          -0.86          Missed
 Dec. 31 2023      -0.36          -0.49          Missed
 Sep. 30 2023      -0.48          -0.60          Missed