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Agios (AGIO) Reports Wider-than-Expected Loss in Q2
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Cambridge, MA-based Agios Pharmaceuticals, Inc. (AGIO - Free Report) is a development-stage biopharmaceutical company focused on the development of treatments for cancer and rare genetic metabolic disorders.
Currently, the company has several interesting candidates in its pipeline including AG-221 (IDH2 mutant inhibitor – phase III – relapsed/refractory acute myeloid leukemia/AML) and AG-120 (IDH1 mutant inhibitor – phase III study in frontline AML patients with an IDH1 mutation to be initiated in the second half of 2016).
Revenues at Agios mainly consist of collaboration revenues under its agreement with Celgene Corporation. Agios is in collaboration with Celgene for AG-221 and AG-881.
With no approved products in its portfolio, investor focus should remain on the company’s pipeline updates since a number of pipeline-related activities are lined up for the rest of 2016.
Agios’ performance so far has been disappointing with the company missing expectations in three of the last four reported quarters. Overall, the company has delivered an average miss of 93.02%.
Currently, Agios has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Agios posted wider-than-expected loss in the second quarter of 2016. Our consensus called for a loss of $1.28 per share, and the company reported a loss of $1.47.
Revenues: Revenues in the reported quarter also came in below expectations. Agios posted revenues of approximately $7 million, compared to our consensus estimate of $10.4 million.
Key Stats: Agios continues to progress with its pipeline. The company plans to present updated data on its pyruvate kinase deficiency candidates, AG-348 (phase II) and AG-519 (phase I) in the second half of the year.
Check back later for our full write up on AGIO earnings report later!
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Agios (AGIO) Reports Wider-than-Expected Loss in Q2
Cambridge, MA-based Agios Pharmaceuticals, Inc. (AGIO - Free Report) is a development-stage biopharmaceutical company focused on the development of treatments for cancer and rare genetic metabolic disorders.
Currently, the company has several interesting candidates in its pipeline including AG-221 (IDH2 mutant inhibitor – phase III – relapsed/refractory acute myeloid leukemia/AML) and AG-120 (IDH1 mutant inhibitor – phase III study in frontline AML patients with an IDH1 mutation to be initiated in the second half of 2016).
Revenues at Agios mainly consist of collaboration revenues under its agreement with Celgene Corporation. Agios is in collaboration with Celgene for AG-221 and AG-881.
With no approved products in its portfolio, investor focus should remain on the company’s pipeline updates since a number of pipeline-related activities are lined up for the rest of 2016.
Agios’ performance so far has been disappointing with the company missing expectations in three of the last four reported quarters. Overall, the company has delivered an average miss of 93.02%.
Currently, Agios has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Agios posted wider-than-expected loss in the second quarter of 2016. Our consensus called for a loss of $1.28 per share, and the company reported a loss of $1.47.
Revenues: Revenues in the reported quarter also came in below expectations. Agios posted revenues of approximately $7 million, compared to our consensus estimate of $10.4 million.
Key Stats: Agios continues to progress with its pipeline. The company plans to present updated data on its pyruvate kinase deficiency candidates, AG-348 (phase II) and AG-519 (phase I) in the second half of the year.
AGIOS PHARMACT Price
AGIOS PHARMACT Price | AGIOS PHARMACT Quote
Check back later for our full write up on AGIO earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>