Melinta Therapeutics, Inc. Just Reported Earnings, And Analysts Cut Their Target Price [Yahoo! Finance News]
MELINTA THERAPEUTICS INC (MLNT)
Last melinta therapeutics inc earnings: 11/12 04:39 pm
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Source: Yahoo! Finance News
Melinta Therapeutics, Inc. Just Reported Earnings, And Analysts Cut Their Target Price One of the biggest stories of last week was how Melinta Therapeutics, Inc. NASDAQ:MLNT Check out our latest analysis for Melinta Therapeutics Taking into account the latest results, the current consensus from Melinta Therapeutics's four analysts is for revenues of US$99.7m in 2020, which would reflect a major 22% increase on its sales over the past 12 months. Losses are forecast to balloon 75% to US$6.58 per share. Before this earnings announcement, analysts had been forecasting revenues of US$102.2m and losses of US$5.13 per share in 2020. From this we can that analyst sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a pretty serious reduction to earnings per share estimates. The consensus price target fell 39% to US$15.00, with analysts clearly concerned about the company following the weaker revenue and earnings outlook. The consensus p
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