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Earnings Update: Novavax, Inc. Just Reported And Analysts Are Boosting Their Estimates [Yahoo! Finance News]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
One of the biggest stories of last week was how Novavax, Inc. NASDAQ:NVAX Check out our latest analysis for Novavax Following the recent earnings report, the consensus fromthree analysts covering Novavax expects revenues of US$7.61m in 2020, implying a painful 59% decline in sales compared to the last 12 months. Per-share statutory losses are expected to explode, reaching US$2.31 per share. Yet prior to the latest earnings, analysts had been forecasting revenues of US$3.82m and losses of US$3.12 per share in 2020. There has definitely been an improvement in perception after these results, with analysts noticeably increasing both their earnings and revenue estimates. Yet despite these upgrades, analysts cut their price target 15% to US$13.40, implicitly signalling that the ongoing losses are likely to weigh negatively on Novavax's valuation. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide Show less Read more
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