Third Harmonic Bio Inc reports results for the quarter ended December 31 - Earnings Summary

• Third Harmonic Bio Inc THRD.OQ reported a quarterly adjusted loss of 48 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of five analysts for the quarter was for a loss of 34 cents per share. Wall Street expected results to range from -43 cents to -25 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Third Harmonic Bio Inc's reported EPS for the quarter was a loss of 48 cents​.

• The company reported a quarterly loss of $21.48 million.

• Third Harmonic Bio Inc shares had fallen by 65.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.6% 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 2 "strong buy" or "buy," 3 "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 Third Harmonic Bio Inc is $5.25

This summary was machine generated from LSEG data March 27 at 01:29 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)