Benitec Biopharma Q3 net loss narrows as expenses fall
Benitec Biopharma Inc BNTC | 0.00 |
Overview
US gene therapy firm's fiscal Q3 net loss narrowed from prior year as expenses fell
R&D and G&A expenses declined yr/yr as BB-301 clinical development advanced
Result Drivers
The Company incurred $6.3 million of research and development expenses which was in line with $6.5 million for the comparable quarter ended March 31, 2025.
Company press release: ID:nGNX4vzvpx
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q3 EPS |
|
-$0.24 |
|
Q3 Net Income |
|
-$11.90 mln |
|
Q3 Operating Income |
|
-$13.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Benitec Biopharma Inc is $27.00, about 131.8% above its May 13 closing price of $11.65
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