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AnaptysBio Third Quarter 2022 Earnings: Misses Expectations

AnaptysBio (NASDAQ:ANAB) Third Quarter 2022 Results

Key Financial Results

  • Net loss: US$33.5m (loss widened by 403% from 3Q 2021).

  • US$1.18 loss per share (further deteriorated from US$0.24 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

AnaptysBio Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 90%. Earnings per share (EPS) also missed analyst estimates by 90%.

Looking ahead, revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for AnaptysBio that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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