We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Is Axsome (AXSM) Down 15.7% Since Last Earnings Report?
Read MoreHide Full Article
A month has gone by since the last earnings report for Axsome Therapeutics (AXSM - Free Report) . Shares have lost about 15.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Axsome due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Axsome's Earnings Miss in Q1, Pipeline Progresses
Axsome reported first-quarter 2020 loss per share of 88 cents, wider than the Zacks Consensus Estimate of a loss of 60 cents and also the year ago quarter’s loss of 32 cents.
Axsome currently does not have any approved product in its portfolio. As a result, the company is yet to generate any revenues from the same.
Quarter in Detail
Research and development (R&D) expenses were $27.5 million in the quarter, significantly higher than $7.6 million in the year-ago period due to escalated development costs of AXS-05 and AXS-07.
General and administrative (G&A) expenses were $5 million, up 78.5% year over year due to increased stock compensation expenses and higher personnel costs.
As of Mar 31 2020, Axsome had cash worth $197.3 million compared with $220 million as of Dec 31, 2019. Axsome believes that its cash balance as of March-end will be enough to fund its anticipated operations for at least a couple of years.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Axsome has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Axsome has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why Is Axsome (AXSM) Down 15.7% Since Last Earnings Report?
A month has gone by since the last earnings report for Axsome Therapeutics (AXSM - Free Report) . Shares have lost about 15.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Axsome due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Axsome's Earnings Miss in Q1, Pipeline Progresses
Axsome reported first-quarter 2020 loss per share of 88 cents, wider than the Zacks Consensus Estimate of a loss of 60 cents and also the year ago quarter’s loss of 32 cents.
Axsome currently does not have any approved product in its portfolio. As a result, the company is yet to generate any revenues from the same.
Quarter in Detail
Research and development (R&D) expenses were $27.5 million in the quarter, significantly higher than $7.6 million in the year-ago period due to escalated development costs of AXS-05 and AXS-07.
General and administrative (G&A) expenses were $5 million, up 78.5% year over year due to increased stock compensation expenses and higher personnel costs.
As of Mar 31 2020, Axsome had cash worth $197.3 million compared with $220 million as of Dec 31, 2019. Axsome believes that its cash balance as of March-end will be enough to fund its anticipated operations for at least a couple of years.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Axsome has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Axsome has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.