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Stock impact report

Agenus Inc. Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates [Yahoo! Finance News]

Agenus Inc. (AGEN) 
Last agenus inc. earnings: 3/12 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: agenusbio.com/investors
It's been a good week for Agenus Inc. NASDAQ:AGEN See our latest analysis for Agenus After the latest results, the consensus from Agenus's three analysts is for revenues of US$62.7m in 2020, which would reflect a stressful 58% decline in sales compared to the last year of performance. The statutory loss per share is expected to greatly reduce in the near future, narrowing 60% to US$1.28. Yet prior to the latest earnings, analysts had been forecasting revenues of US$41.5m and losses of US$1.26 per share in 2020. So we can see there's been a pretty clear increase in analyst sentiment following the latest results, with both revenues and earnings per share receiving a decent lift in the latest estimates. There were no major changes to the US$5.08 consensus price target despite the higher revenue estimates, with analysts seeming to believe that ongoing losses have a larger impact on the valuation than growing sales. Fixating on a single price target can be unwise though, since the consensu Show less Read more
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