Yahoo Finance Sage Therapeutics First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Sage Therapeutics (NASDAQ:SAGE) First Quarter 2024 Results
Key Financial Results
Revenue: US$7.90m (up 140% from 1Q 2023).
Net loss: US$108.5m (loss narrowed by 26% from 1Q 2023).
US$1.80 loss per share (improved from US$2.46 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sage Therapeutics Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 52%. Earnings per share (EPS) missed analyst estimates by 8.1%.
Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Sage Therapeutics that you need to take into consideration.
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