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Stock impact report

Arcus Biosciences, Inc. (NYSE:RCUS) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates [Yahoo! Finance]

Arcus Biosciences, Inc. (RCUS) 
Last arcus biosciences, inc. earnings: 3/5 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The results were impressive, with revenues of US$145m exceeding analyst forecasts by 404%, and statutory losses of US$0.05 were likewise much smaller than the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. View our latest analysis for Arcus Biosciences Taking into account the latest results, the consensus forecast from Arcus Biosciences' nine analysts is for revenues of US$284.1m in 2024. This reflects a notable 20% improvement in revenue compared to the last 12 months. Losses are forecast to balloon 28% to US$3.26 per share. Before this latest report, the consensus had been expecting revenues of US$187.4m and US$3.85 per share in losses. We can see there's definitely been a change in sentiment in t Show less Read more
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