Nektar Therapeutics Third Quarter 2024 Earnings: Beats Expectations

Nektar Therapeutics (NASDAQ:NKTR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$24.1m (flat on 3Q 2023).
• Net loss: US$37.1m (loss narrowed by 19% from 3Q 2023).
• US$0.18 loss per share (improved from US$0.24 loss in 3Q 2023).

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

Nektar Therapeutics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Nektar Therapeutics (including 1 which can't be ignored).

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