Heron Therapeutics Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Heron Therapeutics (NASDAQ:HRTX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$32.8m (up 4.4% from 3Q 2023).
• Net loss: US$4.85m (loss narrowed by 81% from 3Q 2023).
• US$0.032 loss per share (improved from US$0.17 loss in 3Q 2023).

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

Heron Therapeutics EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 33% from a week ago.

Risk Analysis

Be aware that Heron Therapeutics is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...

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