Analysts Have Updated Equillium, Inc. (NASDAQ:EQ) Forecasts
Equillium, Inc. ( NASDAQ:EQ ) shareholders would be watching with interest as analysts make some upgrades to this year's forecasts. Consensus estimates suggest investors could expect increased statutory earnings per share, with analysts modelling an improvement.
Following the latest changes, the five analysts covering Equillium provided consensus estimates of US$32m revenue in 2023. Losses are expected to increase slightly, to US$0.55 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$26m and losses of US$0.64 per share in 2023. So there's been a change-up of views after the recent consensus updates, with the analysts making an increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven.
Check out our latest analysis for Equillium
The Bottom Line
The most important thing here is that analysts reduced their loss per share estimates for this year. Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Equillium going out to 2025, and you can see them free on our platform here. .
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying .
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
