Revolution Medicines First Quarter 2023 Earnings: Beats Expectations
Revolution Medicines (NASDAQ:RVMD) First Quarter 2023 Results
Key Financial Results
Revenue: US$7.01m (down 7.4% from 1Q 2022).
Net loss: US$68.1m (loss widened by 18% from 1Q 2022).
US$0.72 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revolution Medicines Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 139%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are up 7.9% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Revolution Medicines that you should be aware of before investing here.
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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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