Sutro Biopharma, Inc. (NASDAQ:STRO) Analysts Just Cut Their EPS Forecasts Substantially [Yahoo! Finance]
Sutro Biopharma, Inc. (STRO)
Last sutro biopharma, inc. earnings: 11/8 07:00 am
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Source: Yahoo! Finance
Both revenue and earnings per share (EPS) estimates were cut sharply as analysts factored in the latest outlook for the business, concluding that they were too optimistic previously. Bidders are definitely seeing a different story, with the stock price of US$5.33 reflecting a 63% rise in the past week. Whether the downgrade will have a negative impact on demand for shares is yet to be seen. Following the latest downgrade, the nine analysts covering Sutro Biopharma provided consensus estimates of US$52m revenue in 2024, which would reflect a disturbing 66% decline on its sales over the past 12 months. Per-share losses are expected to explode, reaching US$3.78 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$63m and losses of US$3.16 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to incre
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News
- Sutro Biopharma Announces Initiation of Randomized Portion (Part 2) of REFRaME-O1 Trial [Yahoo! Finance]Yahoo! Finance
- Sutro Biopharma Announces Initiation of Randomized Portion (Part 2) of REFRaME-O1 TrialGlobeNewswire
- Ipsen And Sutro Partnering On ADCs Is A Deal Offering Opportunities For Investors [Seeking Alpha]Seeking Alpha
- Sutro Biopharma, Inc. (NASDAQ: STRO) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $8.00 price target on the stock.MarketBeat
- Sutro Biopharma, Inc. (NASDAQ: STRO) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $11.00 price target on the stock, down previously from $12.00.MarketBeat
STRO
Earnings
- 11/13/23 - Miss
STRO
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- STRO's page on the SEC website