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Stock impact report

Why Is Rocket Pharmaceuticals (RCKT) Down 13.6% Since Last Earnings Report? [Yahoo! Finance]

Rocket Pharmaceuticals, Inc. (RCKT) 
Last rocket pharmaceuticals, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: rocketpharma.com
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Rocket Pharmaceuticals due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Narrower Than Expected Loss in Q4 Rocket reported a loss of 64 cents per share in the fourth quarter of 2023, narrower than the Zacks Consensus Estimate of a loss of 80 cents. In the year-ago quarter, the company posted a loss of 92 cents. As the company lacks any marketed product in its portfolio, it did not record any revenues during the quarter. Quarter in Detail In the reported quarter, general and administrative (G&A) expenses rose 13% year over year to $21.5 million due to pre-commercialization activities and higher employee-related costs. Research and development (R&D) expenses were $41.7 million, down 17% from the year-ago quarter's figure. As of Show less Read more
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