Agios Pharmaceuticals Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Agios Pharmaceuticals (NASDAQ:AGIO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$8.96m (up 21% from 3Q 2023).
• Net income: US$947.9m (up from US$91.3m loss in 3Q 2023).
• EPS: US$16.65 (up from US$1.64 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Agios Pharmaceuticals EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 87%.

Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Agios Pharmaceuticals (1 is significant!) that you should be aware of.

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