Yahoo Finance Sutro Biopharma Third Quarter 2022 Earnings: Misses Expectations
Sutro Biopharma (NASDAQ:STRO) Third Quarter 2022 Results
Key Financial Results
Revenue: US$25.1m (up 195% from 3Q 2021).
Net loss: US$19.5m (loss narrowed by 37% from 3Q 2021).
US$0.37 loss per share (improved from US$0.67 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sutro Biopharma Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Sutro Biopharma you should be aware of, and 1 of them is a bit concerning.
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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.
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