Zai Lab Third Quarter 2024 Earnings: EPS Beats Expectations

Zai Lab (NASDAQ:ZLAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$102.3m (up 48% from 3Q 2023).
• Net loss: US$41.7m (loss narrowed by 40% from 3Q 2023).
• US$0.42 loss per share (improved from US$0.71 loss in 3Q 2023).

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

Zai Lab EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 46%.

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 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Zai Lab's balance sheet health.

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