Prelude Therapeutics Inc reports results for the quarter ended June 30 - Earnings Summary

• Prelude Therapeutics Inc PRLD.OQ reported a quarterly adjusted loss of 41 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of four analysts for the quarter was for a loss of 44 cents per share. Wall Street expected results to range from -46 cents to -43 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Prelude Therapeutics Inc's reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $31.23 million.

• Prelude Therapeutics Inc shares had risen by 12.1% this quarter and lost 28.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 1 "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 Prelude Therapeutics Inc is $4.50, about 79.8% above its last closing price of $0.91

This summary was machine generated from LSEG data August 14 at 11:53 a.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)