Rhythm Pharmaceuticals Second Quarter 2024 Earnings: Beats Expectations

Rhythm Pharmaceuticals (NASDAQ:RYTM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$29.1m (up 51% from 2Q 2023).
• Net loss: US$33.6m (loss narrowed by 28% from 2Q 2023).
• US$0.55 loss per share (improved from US$0.82 loss in 2Q 2023).

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

Rhythm Pharmaceuticals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 9.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Rhythm Pharmaceuticals you should know about.

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