Recap: Macrogenics Q1 Earnings

Macrogenics MGNX reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Macrogenics missed estimated earnings by 235.56%, reporting an EPS of $-0.61 versus an estimate of $0.45.

Revenue was up $13.39 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 10.25% increase in the share price the next day.

Here's a look at Macrogenics's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.10 -0.38 -0.97 -0.86
EPS Actual 0.21 -0.40 -0.67 -1.08
Revenue Estimate 58.78M 33.83M 13.77M 21.48M
Revenue Actual 73.10M 41.73M 26.01M 11.10M

To track all earnings releases for Macrogenics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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