Verastem Q4 adjusted EPS beats analyst expectations

Reuters03-05
<a href="https://laohu8.com/S/VSTM">Verastem</a> Q4 adjusted EPS beats analyst expectations

Overview

  • Adjusted EPS for Q4 beat analyst expectations

Outlook

  • Verastem expects cash runway into first half of 2027

Result Drivers

  • FDA APPROVAL IMPACT - AVMAPKI FAKZYNJA CO-PACK generated $17.5 mln in Q4 revenue following accelerated FDA approval

  • INCREASED EXPENSES - Higher operating expenses due to commercialization costs and increased R&D spending

Company press release: ID:nBw9DVShna

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Beat

-$0.48

-$0.53 (9 Analysts)

Q4 Net Income

-$32.92 mln

Q4 Income from Operations

-$41.47 mln

Q4 Operating Expenses

$59.009 mln

Analyst Coverage

  • 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 "buy"

  • Wall Street's median 12-month price target for Verastem Inc is $17.00, about 199.3% above its March 3 closing price of $5.68

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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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