Party Time: Brokers Just Made Major Increases To Their Compugen Ltd. (NASDAQ:CGEN) Earnings Forecasts [Yahoo! Finance]
Compugen Ltd. - Ordinary Shares (CGEN)
Last compugen ltd. - ordinary shares earnings: 2/20 07:05 am
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US:NASDAQ Investor Relations:
cgen.com/investors/overview
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Source: Yahoo! Finance
The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. Following the upgrade, the current consensus from Compugen's two analysts is for revenues of US$45m in 2024 which - if met - would reflect a credible 5.0% increase on its sales over the past 12 months. Losses are expected to turn into profits real soon, with the analysts forecasting US$0.04 in per-share earnings. Yet before this consensus update, the analysts had been forecasting revenues of US$41m and losses of US$0.05 per share in 2024. It looks like there's been a definite improvement in business conditions, with a revenue upgrade supposed to lead to profitability sooner than previously forecast. View our latest analysis for Compugen Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less
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