Olema Pharmaceuticals Inc reports results for the quarter ended June 30 - Earnings Summary

• Olema Pharmaceuticals Inc OLMA.OQ reported a quarterly adjusted loss of 51 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -54 cents. The mean expectation of six analysts for the quarter was for a loss of 38 cents per share. Wall Street expected results to range from -40 cents to -35 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Olema Pharmaceuticals Inc's reported EPS for the quarter was a loss of 51 cents​.

• The company reported a quarterly loss of $43.78 million.

• Olema Pharmaceuticals Inc shares had risen by 8.9% this quarter and lost 20.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 33.6% 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 8 "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 Olema Pharmaceuticals Inc is $24.50, about 81.1% above its last closing price of $4.64

This summary was machine generated from LSEG data August 11 at 08:52 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)