Legend Biotech Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Legend Biotech (NASDAQ:LEGN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$160.2m (up 67% from 3Q 2023).
• Net loss: US$125.3m (loss widened by 101% from 3Q 2023).
• US$0.68 loss per share (further deteriorated from US$0.34 loss in 3Q 2023).

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

Legend Biotech Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 34% 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 4.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Legend Biotech's balance sheet and an in-depth analysis of the company's financial position.

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