Assertio Holdings First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
Assertio Holdings (NASDAQ:ASRT) First Quarter 2023 Results
Key Financial Results
Revenue: US$42.5m (up 16% from 1Q 2022).
Net loss: US$3.48m (down by 138% from US$9.06m profit in 1Q 2022).
US$0.068 loss per share (down from US$0.20 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Assertio Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are up 21% from a week ago.
Risk Analysis
Be aware that Assertio Holdings is showing 4 warning signs in our investment analysis and 2 of those make us uncomfortable...
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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.
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