Stock Analysis
Valeo Pharma Second Quarter 2024 Earnings: Misses Expectations
Valeo Pharma (TSE:VPH) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$14.1m (up 4.2% from 2Q 2023).
- Net loss: CA$7.81m (loss widened by 21% from 2Q 2023).
- CA$0.079 loss per share (further deteriorated from CA$0.077 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Valeo Pharma Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 60%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Pharmaceuticals industry in Canada.
Performance of the Canadian Pharmaceuticals industry.
The company's shares are up 56% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 6 warning signs with Valeo Pharma (at least 5 which shouldn't be ignored), and understanding them should be part of your investment process.
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About TSX:VPH
Valeo Pharma
A specialty pharmaceutical company, engages in the acquisition, in-licensing brands, and sale of pharmaceuticals and hospital specialty products for unmet medical needs in Canada.