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Stock impact report

This Just In: Analysts Are Boosting Their Protagonist Therapeutics, Inc. (NASDAQ:PTGX) Outlook for This Year [Yahoo! Finance]

Protagonist Therapeutics, Inc. (PTGX) 
Last protagonist therapeutics, inc. earnings: 3/10 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.protagonist-inc.com
Company Research Source: Yahoo! Finance
The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals. The market may be pricing in some blue sky too, with the share price gaining 13% to US$32.15 in the last 7 days. Could this upgrade be enough to drive the stock even higher? After this upgrade, Protagonist Therapeutics' six analysts are now forecasting revenues of US$208m in 2024. This would be a sizeable 246% improvement in sales compared to the last 12 months. Losses are expected to turn into profits real soon, with the analysts forecasting US$0.79 in per-share earnings. However, before this estimates update, the consensus had been expecting revenues of US$118m and US$0.83 per share in losses. It looks like there's been a definite improvement in business conditions, with a revenue upgrade supposed to lead to profitability sooner than previously forecast. See our latest analysis for Protagonist Therapeutics Despite these upgrades, the analysts have not made any major Show less Read more
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