In This Article:
Wave Life Sciences (NASDAQ:WVE) Third Quarter 2024 Results
Key Financial Results
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Net loss: US$61.8m (down from US$7.00m profit in 3Q 2023).
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US$0.47 loss per share (down from US$0.066 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wave Life Sciences Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 159%. Earnings per share (EPS) also missed analyst estimates by 62%.
Looking ahead, revenue is forecast to grow 43% 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 10% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Wave Life Sciences (2 are a bit concerning) you should be aware of.
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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.