Yahoo Finance Prometheus Biosciences Third Quarter 2022 Earnings: Beats Expectations
Prometheus Biosciences (NASDAQ:RXDX) Third Quarter 2022 Results
Key Financial Results
Net loss: US$37.3m (loss widened by 36% from 3Q 2021).
US$0.90 loss per share (further deteriorated from US$0.70 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Prometheus Biosciences Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 116%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%.
Looking ahead, revenue is forecast to grow 83% 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 1.0% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Prometheus Biosciences (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.
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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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