In This Article:
MacroGenics (NASDAQ:MGNX) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$110.7m (up by US$100.3m from 3Q 2023).
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Net income: US$56.3m (up 221% from 3Q 2023).
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Profit margin: 51%.
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EPS: US$0.90 (up from US$0.28 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MacroGenics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Biotechs industry in the US are expected to grow by 21%.
Performance of the American Biotechs industry.
The company's shares are up 23% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with MacroGenics (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.