Analysts Just Made A Notable Upgrade To Their Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) Forecasts [Yahoo! Finance]
Madrigal Pharmaceuticals, Inc. (MDGL)
Last madrigal pharmaceuticals, inc. earnings: 2/26 06:50 am
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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. Investors have been pretty optimistic on Madrigal Pharmaceuticals too, with the stock up 52% to US$320 over the past week. Could this upgrade be enough to drive the stock even higher? After this upgrade, Madrigal Pharmaceuticals' 16 analysts are now forecasting revenues of US$556m in 2025. This would be a substantial improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 42% to US$13.90 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$487m and losses of US$17.41 per share in 2025. We can see there's definitely been a change in sentiment in this update, with the analysts administering a sizeable upgrade to next year's revenue estimates, while at the same time reducing their loss estimates. See our latest analysis for Mad
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