Rocket Pharmaceuticals' Q3 Earnings Beat, Pipeline in Focus [Yahoo! Finance]
Rocket Pharmaceuticals, Inc. (RCKT)
Last rocket pharmaceuticals, inc. earnings: 3/5 07:00 am
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rocketpharma.com
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Source: Yahoo! Finance
In the year-ago quarter, the company had reported a loss of 75 cents per share. In the absence of any marketed product in its portfolio, Rocket Pharmaceuticals did not record any revenues during the third quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the reported quarter, general and administrative (G&A) expenses rose 45.7% year over year to $27.1 million. The increase was due to a rise in the company's commercial preparation expenses, which included commercial strategy, medical affairs, legal and other expenses. Research and development (R&D) expenses were $42.3 million, down 9.6% from the year-ago quarter's figure. The downside was due to reduced manufacturing and development costs. As of Sept. 30, 2024, Rocket Pharmaceuticals had cash, cash equivalents and investments of $235.7 million compared with $278.8 million on June 30, 2024. Management expects this cash balance to fund operations and meet capital expenditure requirements into
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RCKT
News
- Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $39.00 price target on the stock.MarketBeat
- Rocket Pharmaceuticals' Gene Therapy Progress Boosts Confidence in Future Developments: Analyst [Yahoo! Finance]Yahoo! Finance
- Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) had its price target lowered by analysts at Leerink Partners from $46.00 to $44.00. They now have an "outperform" rating on the stock.MarketBeat
- Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $65.00 price target on the stock.MarketBeat
- Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $52.00 price target on the stock.MarketBeat
RCKT
Earnings
- 11/7/24 - Beat
RCKT
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- RCKT's page on the SEC website