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Stock impact report

Fennec Pharmaceuticals Inc. (NASDAQ:FENC) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates [Yahoo! Finance]

Fennec Pharmaceuticals Inc. (FENC) 
Last fennec pharmaceuticals inc. earnings: 11/12 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The results were impressive, with revenues of US$6.5m exceeding analyst forecasts by 22%, and statutory losses of US$0.07 were likewise much smaller than the analysts had forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Taking into account the latest results, the most recent consensus for Fennec Pharmaceuticals from six analysts is for revenues of US$44.0m in 2024. If met, it would imply a huge 237% increase on its revenue over the past 12 months. Fennec Pharmaceuticals is also expected to turn profitable, with statutory earnings of US$0.23 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$41.4m and earnings per share (EPS) of US$0.13 in 2024. So i Show less Read more
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