Earnings Release: Here's Why Analysts Cut Their Marinus Pharmaceuticals, Inc. (NASDAQ:MRNS) Price Target To US$8.00 [Yahoo! Finance]
Marinus Pharmaceuticals, Inc. (MRNS)
Last marinus pharmaceuticals, inc. earnings: 11/6 07:30 am
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US:NASDAQ Investor Relations:
ir.marinuspharma.com/investor-relations
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Source: Yahoo! Finance
The numbers were weak, with revenues of US$7.7m coming in 16% short of analyst estimates. Statutory losses were US$0.68 per share, 3.0% larger than what the analysts expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. Check out our latest analysis for Marinus Pharmaceuticals Following the latest results, Marinus Pharmaceuticals' eleven analysts are now forecasting revenues of US$39.4m in 2024. This would be a substantial 39% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 25% to US$1.98. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$41.1m and losses of US$2.23 per share
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MRNS
News
- Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) was downgraded by analysts at Truist Financial Co. from a "strong-buy" rating to a "hold" rating.MarketBeat
- Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) had its "neutral" rating re-affirmed by analysts at HC Wainwright.MarketBeat
- Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) had its "hold" rating re-affirmed by analysts at TD Cowen.MarketBeat
- Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) had its price target lowered by analysts at Royal Bank of Canada from $3.00 to $1.00. They now have a "sector perform" rating on the stock.MarketBeat
- Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) had its price target lowered by analysts at Cantor Fitzgerald from $13.00 to $4.00. They now have an "overweight" rating on the stock.MarketBeat
MRNS
Earnings
- 8/13/24 - Miss
MRNS
Sec Filings
- 10/31/24 - Form SCHEDULE
- 10/24/24 - Form 8-K
- 10/15/24 - Form 4
- MRNS's page on the SEC website