Praxis Precision Medicines Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.2024-11-08

Praxis Precision Medicines (NASDAQ:PRAX) Third Quarter 2024 Results Key Financial Results Net loss: US$51.9m (loss widened by 111% from 3Q 2023). US$2.75 loss per share (further deteriorated from US$...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.1%. Earnings per share  missed analyst estimates by 38%.Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.The company's shares are up 7.7% from a week ago.You should always think about risks. Case in point, we've spotted   3 warning signs for Praxis Precision Medicines  you should be aware of, and 1 of them shouldn't be ignored.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PRAX":"Praxis Precision Medicines, Inc.","MDCO":"麦迪逊医药"},"translate_title":"Praxis Precision Medicines 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDCO":1,"PRAX":1},"content_text":"Praxis Precision Medicines (NASDAQ:PRAX) Third Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$51.9m (loss widened by 111% from 3Q 2023).\nUS$2.75 loss per share (further deteriorated from US$2.73 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:PRAX Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nPraxis Precision Medicines Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 38%. \n Looking ahead, revenue is forecast to grow 81% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US. \nPerformance of the American Biotechs industry.\n The company's shares are up 7.7% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   3 warning signs for Praxis Precision Medicines  you should be aware of, and 1 of them shouldn't be ignored. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481178644"}