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BioCryst Pharmaceuticals Reports Q1 Loss, Tops Revenue Estimates


BioCryst Pharmaceuticals (NASDAQ: BCRX) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 26.09%. A quarter ago, it was expected that this drugmaker would post a loss of $0.24 per share when it actually produced a loss of $0.28, delivering a surprise of -16.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

BioCryst, which belongs to the Zacks Medical – Drugs industry, posted revenues of $92.76 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 8.37%. This compares to year-ago revenues of $68.78 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

BioCryst shares …

Full story available on Benzinga.com

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