MacroGenics Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-07

MacroGenics (NASDAQ:MGNX) Third Quarter 2024 Results Key Financial Results Revenue: US$110.7m (up by US$100.3m from 3Q 2023). Net income: US$56.3m (up 221% from 3Q 2023). Profit margin: 51%. EPS: US$...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 26%. Earnings per share  also surpassed analyst estimates significantly.Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.The company's shares are up 23% from a week ago.It's necessary to consider the ever-present spectre of investment risk.   We've identified 3 warning signs  with MacroGenics , and understanding them should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MGNX":"MacroGenics Inc."},"translate_title":"MacroGenics 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGNX":0.9},"content_text":"MacroGenics (NASDAQ:MGNX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$110.7m (up by US$100.3m from 3Q 2023).\nNet income: US$56.3m (up 221% from 3Q 2023).\nProfit margin: 51%.\nEPS: US$0.90 (up from US$0.28 in 3Q 2023).\n\n\n\n\n  NasdaqGS:MGNX Earnings and Revenue Growth November 7th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMacroGenics Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates significantly. \n Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%. \nPerformance of the American Biotechs industry.\n The company's shares are up 23% from a week ago. \nRisk Analysis\n It's necessary to consider the ever-present spectre of investment risk.   We've identified 3 warning signs  with MacroGenics (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process. \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. 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