Coherus BioSciences Inc reports results for the quarter ended December 31 - Earnings Summary

• Coherus BioSciences Inc CHRS.OQ reported a quarterly adjusted loss of 28 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -62 cents. The mean expectation of eight analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -23 cents to 6 cents per share.

• Revenue fell 40.8% to $54.14 million from a year ago; analysts expected $47.27 million.

• Coherus BioSciences Inc's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $50.7 million.

• Coherus BioSciences Inc shares had fallen by 24.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the biotechnology & medical research peer group is also "buy"

Wall Street's median 12-month price target for Coherus BioSciences Inc is $7.00

This summary was machine generated from LSEG data March 10 at 09:46 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)