MacroGenics Inc expected to post a loss of 64 cents a share

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MacroGenics Inc expected to post a loss of 64 cents a share – Earnings Preview

















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Reuters

MacroGenics Inc <MGNX.OQ> expected to post a loss of 64 cents a share – Earnings Preview



MacroGenics Inc expected to post a loss of 64 cents a share – Earnings Preview
  • MacroGenics Inc MGNX.OQ MGNX.O is expected to show a fall in quarterly revenue when it reports results on May 7 (estimated) for the period ending March 31 2024

  • The Rockville Maryland-based company is expected to report a 40.3% decrease in revenue to $14.617 million from $24.5 million a year ago, according to the mean estimate from 11 analysts, based on LSEG data.

  • ​LSEG’s mean analyst estimate for MacroGenics Inc is for a loss of 64 cents per share.

  • The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy,” 1 “hold” and no “sell” or “strong sell.”

  • The mean earnings estimate of analysts had fallen by about 0.6% in the last three months. ​

  • Wall Street’s median 12-month price target for MacroGenics Inc is $25.00​, above​ its last closing price of $15.22. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Dec. 31 2023

-0.26

-0.15

-0.75

Missed

-388

Sep. 30 2023

-0.06

-0.10

0.28

Beat

392.9

Jun. 30 2023

-0.47

-0.52

-0.69

Missed

-32.4​

Mar. 31 2023

0.42

0.45

-0.61

Missed

-234.9

​​Dec. 31 2022

-0.07

0.10

0.21

Beat

105.7

Jan. 1 0001

-0.36

-0.38

-0.40

Missed

-4.2​

Jun. 30 2022

-0.99

-0.97

-0.67

Beat

30.9

Jan. 1 0001

-0.86

-0.86

-1.08

Missed

-24.9

This summary was machine generated May 3 at 12:31 GMT. 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)

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