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Stock impact report

Legend Biotech Corporation (NASDAQ:LEGN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]

Legend Biotech Corporation - American Depositary Shares (LEGN) 
Company Research Source: Yahoo! Finance
The early response was not positive, with shares down 2.6% to US$39.89 in the past week. The results don't look great, especially considering that statutory losses grew 17% toUS$0.68 per share. Revenues of US$160,205,000 did beat expectations by 9.7%, but it looks like a bit of a cold comfort. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. View our latest analysis for Legend Biotech Following the latest results, Legend Biotech's 20 analysts are now forecasting revenues of US$1.04b in 2025. This would be a huge 100% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 55% to US$0.85. Before this latest report, the consensus had Show less Read more
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