Spero Therapeutics Q3 net loss narrows

Reuters11-14
Spero <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Q3 net loss narrows

Overview

  • Spero Q3 net loss narrows

  • Spero expects cash reserves to fund operations into 2028

Outlook

  • Spero expects cash reserves to fund operations into 2028

Result Drivers

  • REVENUE DECLINE - Decreased collaboration revenue with GSK and reduced grant revenue led to lower total revenue

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

-$0.13

Q3 Net Income

Beat

-$7.38 mln

-$22 mln (1 Analyst)

Q3 Income From Operation

-$7.92 mln

Q3 Operating Expenses

$13.36 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy."

  • Wall Street's median 12-month price target for Spero Therapeutics Inc is $5.00, about 46.8% above its November 12 closing price of $2.66

Press Release: ID:nGNX21XMV8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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