Exact Sciences (NASDAQ:EXAS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$708.7m (up 13% from 3Q 2023).

• Net loss: US$38.2m (down from US$794.0k profit in 3Q 2023).

• US$0.21 loss per share (down from US$0.004 profit in 3Q 2023).

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

Exact Sciences Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 22% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Exact Sciences that you should be aware of.

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