Biomea Fusion Inc reports results for the quarter ended March 31 - Earnings Summary

• Biomea Fusion Inc BMEA.OQ reported a quarterly adjusted loss of 80 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.09. The mean expectation of five analysts for the quarter was for a loss of 61 cents per share. Wall Street expected results to range from -85 cents to -23 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Biomea Fusion Inc's reported EPS for the quarter was a loss of 80 cents​.

• The company reported a quarterly loss of $29.26 million.

• Biomea Fusion Inc shares had fallen by 6.1% this quarter and lost 48.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 34.2% 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," 2 "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 Biomea Fusion Inc is $18.00

This summary was machine generated from LSEG data May 6 at 05:07 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)