* Akebia Therapeutics Inc reported a quarterly adjusted loss of 10 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -9 cents to -3 cents per share.
* Revenue fell 15.3% to $35.59 million from a year ago; analysts expected $44.51 million.
* Akebia Therapeutics Inc's reported EPS for the quarter was a loss of 10 cents.
* The company reported a quarterly loss of $20.04 million.
* Akebia Therapeutics Inc shares had risen by 51.5% this quarter and gained 61.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 24% 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 3 "strong buy" or "buy," no "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 Akebia Therapeutics Inc is 5.00 This summary was machine generated from LSEG data November 7 at 02:15 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
Sep. 30 2024 -0.06 -0.10 Missed
Jun. 30 2024 -0.05 -0.04 Beat
Mar. 31 2024 -0.08 -0.09 Missed
Dec. 31 2023 -0.04 0.00 Beat
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