Analysts Just Made A Major Revision To Their Arbutus Biopharma Corporation (NASDAQ:ABUS) Revenue Forecasts [Yahoo! Finance]
Arbutus Biopharma Corporation (ABUS)
Last arbutus biopharma corporation earnings: 11/6 07:30 am
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US:NASDAQ Investor Relations:
investor.arbutusbio.com/node/5806
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Source: Yahoo! Finance
There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Following the latest downgrade, the four analysts covering Arbutus Biopharma provided consensus estimates of US$8.3m revenue in 2024, which would reflect a painful 54% decline on its sales over the past 12 months. Per-share losses are expected to creep up to US$0.46. Yet before this consensus update, the analysts had been forecasting revenues of US$15m and losses of US$0.43 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. View our latest analysis for Arbutus Biopharma There was no major change to the consensus price target of CA$6.09, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. It could also be instru
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ABUS
News
- Arbutus to Report First Quarter 2024 Financial Results and Provide Corporate UpdateGlobeNewswire
- Arbutus Biopharma Co. (NASDAQ: ABUS) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $4.00 price target on the stock.MarketBeat
- Arbutus Biopharma Announces Claim Construction Ruling in its Ongoing Patent Infringement Lawsuit Against Moderna [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Arbutus Biopharma Announces Claim Construction Ruling in its Ongoing Patent Infringement Lawsuit Against ModernaGlobeNewswire
- Is Arbutus Biopharma (NASDAQ:ABUS) In A Good Position To Deliver On Growth Plans? [Yahoo! Finance]Yahoo! Finance
ABUS
Earnings
- 11/7/23 - In-Line
ABUS
Sec Filings
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- 4/4/24 - Form 8-K
- ABUS's page on the SEC website