Enanta Pharmaceuticals (NASDAQ:ENTA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$18.0m (down 4.9% from 3Q 2023).

• Net loss: US$22.7m (loss narrowed by 42% from 3Q 2023).

• US$1.07 loss per share (improved from US$1.86 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enanta Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Enanta Pharmaceuticals that we have uncovered.

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