* Veru Inc reported a quarterly adjusted loss of 7 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of five analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -5 cents per share.
* Revenue rose 18.3% to $3.95 million from a year ago; analysts expected $3.50 million.
* Veru Inc's reported EPS for the quarter was a loss of 7 cents.
* The company reported a quarterly loss of $10.97 million.
* Veru Inc shares had fallen by 8.6% this quarter and gained 6.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 3.3% 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 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the personal products peer group is also "buy"
Wall Street's median 12-month price target for Veru Inc is $3.00 This summary was machine generated from LSEG data August 8 at 01:32 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 -0.06 -0.07 Missed
Mar. 31 2024 -0.05 -0.07 Missed
Dec. 31 2023 -0.10 -0.08 Beat
Sep. 30 2023 -0.23 -0.12 Beat
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