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MeiraGTx Holdings PLC Reports Q2 Loss, Lags Revenue Estimates

MeiraGTx Holdings PLC (NASDAQ: MGTX) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.53 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -145.16%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.77, delivering a surprise of -140.63%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. MeiraGTx, which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $0.28 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 98.28%. This compares to year-ago revenues of $3.54 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's ...