Cidara Therapeutics Future Growth

Future criteria checks 1/6

Cidara Therapeutics is forecast to grow earnings and revenue by 56.8% and 16% per annum respectively while EPS is expected to grow by 61.9% per annum.

Key information

56.8%

Earnings growth rate

61.9%

EPS growth rate

Biotechs earnings growth	21.3%
Revenue growth rate	16.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	23 Apr 2024

Recent future growth updates

Recent updates

We Think Cidara Therapeutics (NASDAQ:CDTX) Can Easily Afford To Drive Business Growth

Sep 28

Lacklustre Performance Is Driving Cidara Therapeutics, Inc.'s (NASDAQ:CDTX) 39% Price Drop

Apr 17

Cidara Therapeutics, Inc. (NASDAQ:CDTX) Analysts Are Reducing Their Forecasts For This Year

Mar 25

Cidara Therapeutics GAAP EPS of -$0.19 beats by $0.09, revenue of $6.22M beats by $0.01M

Aug 09

Industry Analysts Just Made A Captivating Upgrade To Their Cidara Therapeutics, Inc. (NASDAQ:CDTX) Revenue Forecasts

Dec 17

Rainbows and Unicorns: Cidara Therapeutics, Inc. (NASDAQ:CDTX) Analysts Just Became A Lot More Optimistic

Aug 17

Is Cidara Therapeutics (NASDAQ:CDTX) Weighed On By Its Debt Load?

Aug 04

Cidara Therapeutics: Rezafungin Data Could Bring Value

Jul 20

We Think Some Shareholders May Hesitate To Increase Cidara Therapeutics, Inc.'s (NASDAQ:CDTX) CEO Compensation

Jun 17

Earnings and Revenue Growth Forecasts

NasdaqCM:CDTX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	58	-4	-56	-29	3
12/31/2025	46	-19	-61	-40	3
12/31/2024	39	-35	-76	-18	1
12/31/2023	64	-23	-23	-22	N/A
9/30/2023	57	-31	-31	-31	N/A
6/30/2023	85	-8	-1	-1	N/A
3/31/2023	83	-9	-16	-16	N/A
12/31/2022	64	-34	-29	-28	N/A
9/30/2022	61	-33	-22	-22	N/A
6/30/2022	28	-63	-62	-62	N/A
3/31/2022	54	-44	-47	-47	N/A
12/31/2021	50	-42	-25	-25	N/A
9/30/2021	46	-47	-21	-21	N/A
6/30/2021	41	-47	-24	-24	N/A
3/31/2021	12	-74	-41	-41	N/A
12/31/2020	12	-75	-55	-54	N/A
9/30/2020	10	-67	-59	-58	N/A
6/30/2020	27	-47	-28	-28	N/A
3/31/2020	23	-42	-27	-27	N/A
12/31/2019	21	-41	-29	-29	N/A
9/30/2019	19	-39	-27	-27	N/A
6/30/2019	N/A	-56	-57	-56	N/A
3/31/2019	N/A	-69	-59	-59	N/A
12/31/2018	N/A	-69	-57	-57	N/A
9/30/2018	N/A	-70	-53	-53	N/A
6/30/2018	N/A	-69	-54	-54	N/A
3/31/2018	N/A	-59	-50	-50	N/A
12/31/2017	N/A	-56	-50	-50	N/A
9/30/2017	N/A	-57	N/A	-52	N/A
6/30/2017	N/A	-57	N/A	-46	N/A
3/31/2017	N/A	-52	N/A	-43	N/A
12/31/2016	N/A	-48	N/A	-40	N/A
9/30/2016	N/A	-44	N/A	-35	N/A
6/30/2016	N/A	-41	N/A	-34	N/A
3/31/2016	N/A	-35	N/A	-31	N/A
12/31/2015	N/A	-32	N/A	-26	N/A
9/30/2015	N/A	-27	N/A	-22	N/A
6/30/2015	N/A	-21	N/A	-18	N/A
3/31/2015	N/A	-18	N/A	-13	N/A
12/31/2014	N/A	-12	N/A	-8	N/A
9/30/2014	N/A	-8	N/A	-5	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDTX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CDTX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CDTX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CDTX's revenue (16% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: CDTX's revenue (16% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CDTX's Return on Equity is forecast to be high in 3 years time

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Cidara Therapeutics Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus estimates of losses per share improve by 21%

Forecast to breakeven in 2025

Consensus revenue estimates fall by 30%

Forecast to breakeven in 2025

Consensus revenue estimates increase by 85%

Forecast to breakeven in 2023

Recent updates

Napp Pharmaceutical Group Ltd. acquired All assets and rights related to REZZAYO of Cidara Therapeutics, Inc. (NasdaqCM:CDTX).

Cidara Therapeutics, Inc. announced that it expects to receive $240 million in funding from RA Capital Management, L.P., Canaan Management, Inc., BVF Partners L.P. and other investors

Cidara Therapeutics, Inc. announced delayed annual 10-K filing

Cidara Therapeutics, Inc. Announces Approval of REZZAYO by the MHRA for the Treatment of Invasive Candidiasis in Adults

Cidara Therapeutics Announces Completion of Enrollment in Phase 3 Restore Trial of Rezafungin in China

Melinta Therapeutics, Llc and Cidara Therapeutics, Inc. Announce Publication of Pooled Data from Phase 3 Pivotal Restore Trial & Phase 2 Strategic Trial of Rezafungin for Injection in the Lancet Id

Cidara Therapeutics Requests a Hearing Before the Nasdaq Hearings Panel

Consensus estimates of losses per share improve by 21%

New minor risk - Profitability

Forecast to breakeven in 2025

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Cidara Therapeutics and Mundipharma Receive Positive CHMP Opinion for Rezafungin for the Treatment of Invasive Candidiasis in Adults

Cidara Therapeutics, Inc. Presents New Preclinical and Clinical Data on Novel Drug-Fc Conjugate CD388 at IDWeek 2023

We Think Cidara Therapeutics (NASDAQ:CDTX) Can Easily Afford To Drive Business Growth

New major risk - Financial position

Cidara Therapeutics, Inc. Appoints Nicole Davarpanah as Senior Vice President of Translational Research and Development

Consensus revenue estimates fall by 30%

New minor risk - Profitability

Forecast to breakeven in 2025

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Cidara Therapeutics Provides Update on REZZAYO™ (Rezafungin for Injection)

Cidara Therapeutics, Inc. Receives U.S. FDA Fast Track Designation for CD388, a Novel Drug-Fc Conjugate Targeting Influenza A and B

New minor risk - Market cap size

Cidara Therapeutics, Inc. to Present Highlights from Its Ongoing Preclinical Studies of CD421 as Well as the Development of Its Novel Drug-Fc Conjugates from Cidara’s Cloudbreak® Platform

Consensus revenue estimates increase by 85%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Lacklustre Performance Is Driving Cidara Therapeutics, Inc.'s (NASDAQ:CDTX) 39% Price Drop

Cidara Therapeutics, Inc. (NASDAQ:CDTX) Analysts Are Reducing Their Forecasts For This Year

Full year 2022 earnings: EPS misses analyst expectations

Forecast to breakeven in 2023

We're Hopeful That Cidara Therapeutics (NASDAQ:CDTX) Will Use Its Cash Wisely

Cidara Therapeutics Regains Compliance with Nasdaq Minimum Bid Price Requirement

Cidara Therapeutics and Melinta Therapeutics Announce FDA Advisory Committee Recommends Approval of Rezafungin for the Treatment of Candidemia and Invasive Candidiasis

Price target decreased to US$5.50

Cidara Therapeutics Nominates First Oncology Clinical Development Candidate from Its Cloudbreak Platform

Cidara Therapeutics, Inc. and Melinta Therapeutics, LLC Announce Publication of Data from the Global Phase 3 Pivotal ReSTORE Trial of Rezafungin for the Treatment of Candidemia and Invasive Candidiasis in The Lancet

High number of new directors

Consensus revenue estimates increase by 67%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Cidara Therapeutics Attends Hearing Before the Nasdaq Hearings Panel and Presents Plan to Regain Compliance with the Nasdaq Capital Market

Cidara spikes on $11M milestone payment from partner Mundipharma

Cidara Therapeutics, Inc. Announces FDA Acceptance for Priority Review of New Drug Application for Rezafungin for the Treatment of Candidemia and Invasive Candidiasis

Cidara Therapeutics Announces Initiation of Phase 2A Human Viral Challenge Trial to Evaluate Cd388 for Universal Prevention of Influenza

Cidara begins dosing of antiviral CD388 in trial for preventing influenza

Cidara Therapeutics, Inc. Announces Executive Changes

Consensus revenue estimates increase by 53%

Second quarter 2022 earnings: EPS exceeds analyst expectations

Cidara Therapeutics GAAP EPS of -$0.19 beats by $0.09, revenue of $6.22M beats by $0.01M

Cidara Therapeutics, Inc. Submits New Drug Application to the U.S. Food and Drug Administration for Rezafungin for the Treatment of Candidemia and Invasive Candidiasis

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to US$5.67

High number of new directors

Mundipharma and Cidara Therapeutics Announces First Presentation of Results from Global Phase 3 ReSTORE Trial of Rezafungin for Treatment of Candidemia and/or Invasive Candidiasis Demonstrating its Positive Efficacy and Safety Profile

Cidara Therapeutics, Inc. Announces Executive Changes

Cidara Therapeutics, Inc. Announces the Completion of Dosing the First Cohort of Healthy Volunteers in the Phase 1 Trial of CD388 in Development for Universal Prevention and Treatment of Seasonal and Pandemic Influenza

Consensus revenue estimates increase by 44%

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Medicines and Healthcare Products Regulatory Agency in the UK Grants Mundipharma and Cidara Therapeutics Inc.'s Rezafungin Promising Innovative Medicine Designation

Cidara Therapeutics, Inc. Announces FDA Acceptance of its Investigational New Drug Application for CD388 for Universal Prevention and Treatment of Influenza

Price target increased to US$6.25

Industry Analysts Just Made A Captivating Upgrade To Their Cidara Therapeutics, Inc. (NASDAQ:CDTX) Revenue Forecasts

Cidara Therapeutics, Inc. and Mundipharma Announce Positive Topline Results from Global Phase 3 Pivotal ReSTORE Trial of Rezafungin for Treatment of Candidemia and Invasive Candidiasis

President recently bought US$80k worth of stock

Third quarter 2021 earnings released: US$0.36 loss per share (vs US$0.41 loss in 3Q 2020)

Price target decreased to US$6.00

President recently bought US$87k worth of stock

Cidara Therapeutics and Mundipharma Announces Completion of Enrollment in the Phase 3 ReSTORE Trial of Rezafungin for the Treatment of Candidemia and Invasive Candidiasis

Rainbows and Unicorns: Cidara Therapeutics, Inc. (NASDAQ:CDTX) Analysts Just Became A Lot More Optimistic