These Analysts Think Assertio Holdings, Inc.'s (NASDAQ:ASRT) Earnings Are Under Threat [Yahoo! Finance]
Assertio Holdings, Inc. (ASRT)
Last assertio holdings, inc. earnings: 3/9 04:02 pm
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Source: Yahoo! Finance
Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analysts have soured majorly on the business. Investors however, have been notably more optimistic about Assertio Holdings recently, with the stock price up a notable 28% to US$1.14 in the past week. It will be interesting to see if the downgrade has an impact on buying demand for the company's shares. After the downgrade, the consensus from Assertio Holdings' dual analysts is for revenues of US$117m in 2024, which would reflect a stressful 23% decline in sales compared to the last year of performance. The loss per share is anticipated to greatly reduce in the near future, narrowing 97% to US$0.12. Before this latest update, the analysts had been forecasting revenues of US$161m and earnings per share (EPS) of US$0.16 in 2024. So we can see that the consensus has become notably more bearish on Assertio Holdings' outlook with these numbers, making a pretty serious reduction to this year's revenue
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News
- Assertio Holdings, Inc. to Report First Quarter 2024 Financial Results on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Assertio Holdings, Inc. to Report First Quarter 2024 Financial Results on May 6, 2024GlobeNewswire
- Sig Kirk Joins Assertio Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sig Kirk Joins Assertio Board of DirectorsGlobeNewswire
- Assertio to Present at LD Micro Invitational Conference in New York City [Yahoo! Finance]Yahoo! Finance
ASRT
Earnings
- 3/11/24 - Beat
ASRT
Sec Filings
- 4/25/24 - Form EFFECT
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- ASRT's page on the SEC website