Evotec Third Quarter 2022 Earnings: Misses Expectations
Evotec (ETR:EVT) Third Quarter 2022 Results
Key Financial Results
Revenue: €173.9m (up 8.9% from 3Q 2021).
Net loss: €47.3m (down by 135% from €134.3m profit in 3Q 2021).
€0.27 loss per share (down from €0.82 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Evotec Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Europe.
Performance of the market in Germany.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Evotec's balance sheet health.
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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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