Aerovate Therapeutics Inc reports results for the quarter ended December 31 - Earnings Summary

• Aerovate Therapeutics Inc AVTE.OQ reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -74 cents. The mean expectation of three analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -37 cents to -19 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Aerovate Therapeutics Inc's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $5.43 million.

• Aerovate Therapeutics Inc shares had fallen by 5.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 35.3% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Aerovate Therapeutics Inc is $2.00

This summary was machine generated from LSEG data March 27 at 01:16 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)