Mind Medicine (MindMed) Inc reports results for the quarter ended in September 30 - Earnings Summary

• Mind Medicine (MindMed) Inc MNMD.OQ reported a quarterly adjusted loss of 27 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -45 cents. The mean expectation of nine analysts for the quarter was for a loss of 28 cents per share. Wall Street expected results to range from -36 cents to -10 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Mind Medicine (MindMed) Inc's reported EPS for the quarter was a loss of 27 cents​.

• The company reported a quarterly loss of $13.68 million.

• Mind Medicine (MindMed) Inc shares had risen by 18.6% this quarter and gained 84.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19% 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 9 "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 Mind Medicine (MindMed) Inc is 20.00

This summary was machine generated from LSEG data November 8 at 04:47 a.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)