Assertio Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Assertio Holdings Inc ASRT.OQ reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of five analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -10 cents to -2 cents per share.

• Revenue fell 6.1% to $29.22 million from a year ago; analysts expected $27.86 million.

• Assertio Holdings Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $16.35 million.

• Assertio Holdings Inc shares had risen by 13.7% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.7% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the pharmaceuticals peer group is also "buy"

• Wall Street's median 12-month price target for Assertio Holdings Inc is $3.00, about 75.7% above its last closing price of $0.73

This summary was machine generated from LSEG data August 11 at 09:01 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)