Forte Biosciences Inc reports results for the quarter ended March 31 - Earnings Summary

• Forte Biosciences Inc FBRX.OQ reported a quarterly adjusted loss of $1.37​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-4.00. The mean expectation of three analysts for the quarter was for a loss of 95 cents per share. Wall Street expected results to range from $-1.07 to -83 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Forte Biosciences Inc's reported EPS for the quarter was a loss of $1.37​.

• The company reported a quarterly loss of $15.66 million.

• Forte Biosciences Inc shares had fallen by 2.1% this quarter and lost 66.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.5% 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 3 "strong buy" or "buy," no "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 Forte Biosciences Inc is $59.00

This summary was machine generated from LSEG data May 15 at 08:46 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)