Arcus Biosciences Inc (RCUS, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $37.56 million, and the earnings are expected to come in at -$1.09 per share. The full year 2024's revenue is expected to be $252.41 million and the earnings are expected to be -$3.42 per share. More detailed estimate data can be found on the Forecast page
Arcus Biosciences Inc (RCUS, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Arcus Biosciences Inc (RCUS) for the full year 2024 have increased from $237.26 million to $252.41 million, and for 2025, from $175.45 million to $206.70 million. Earnings estimates for the full year 2024 have declined from -$3.14 per share to -$3.42 per share, while for 2025, they have improved from -$4.51 per share to -$4.04 per share.
Arcus Biosciences Inc (RCUS, Financial) Reported History
In the previous quarter of June 30, 2024, Arcus Biosciences Inc's (RCUS) actual revenue was $39.00 million, which beat analysts' revenue expectations of $25.61 million by 52.27%. Arcus Biosciences Inc's (RCUS) actual earnings were -$1.02 per share, which beat analysts' earnings expectations of -$1.18 per share by 13.85%. After releasing the results, Arcus Biosciences Inc (RCUS) was up by 14.02% in one day.
Arcus Biosciences Inc (RCUS, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for Arcus Biosciences Inc (RCUS) is $33.09 with a high estimate of $46 and a low estimate of $20. The average target implies an upside of 112.67% from the current price of $15.56.
Based on GuruFocus estimates, the estimated GF Value for Arcus Biosciences Inc (RCUS, Financial) in one year is $22.74, suggesting an upside of 46.14% from the current price of $15.56.
Based on the consensus recommendation from 13 brokerage firms, Arcus Biosciences Inc's (RCUS, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
