Macrogenics: Q4 Earnings Insights

Macrogenics MGNX reported its Q4 earnings results on Thursday, March 7, 2024 at 04:01 PM.

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

Macrogenics missed estimated earnings by -400.0%, reporting an EPS of $-0.75 versus an estimate of $-0.15.

Revenue was down $62.38 million from the same period last year.

Last quarter the company beat on EPS by $0.38 which was followed by a 17.0% increase in the share price the next day.

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

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	-0.10	-0.52	0.45	0.10
EPS Actual	0.28	0.92	-0.61	0.21
Revenue Estimate	48.86M	29.74M	86.49M	58.78M
Revenue Actual	10.40M	13.14M	24.50M	73.10M

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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