* Exelixis Inc reported quarterly adjusted earnings of 20 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 11 cents to 47 cents per share.
* Revenue rose 4% to $425.23 million from a year ago; analysts expected $460.62 million.
* Exelixis Inc's reported EPS for the quarter was 12 cents.
* The company reported quarterly net income of $37.32 million.
* Exelixis Inc shares had held steady so far this quarter and lost 1.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."
* Wall Street's median 12-month price target for Exelixis Inc is $27.00
This summary was machine generated from LSEG data April 30 at 11:56 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
Mar. 31 2024 0.24 0.20 Missed
Dec. 31 2023 0.21 0.27 Beat
Sep. 30 2023 0.10 0.00 Missed
Jun. 30 2023 0.16 0.25 Beat
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