Theratechnologies Inc reports results for the quarter ended May 31 - Earnings Summary

• Theratechnologies Inc TH.TO reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -4 cents to 1 cents per share.

• Revenue fell 19.5% to $17.73 million from a year ago; analysts expected $17.55 million.

• Theratechnologies Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $4.46 million.

• Theratechnologies Inc shares had risen by 33.1% this quarter and gained 73.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 200% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

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

• Wall Street's median 12-month price target for Theratechnologies Inc is $3.80, about 17.4% above its last closing price of $3.14

This summary was machine generated from LSEG data July 9 at 01:14 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)