Published on 22 Dec 2023 on Simply Wall St. via Yahoo Finance
Industry Analysts Just Upgraded Their Liquidia Corporation (NASDAQ:LQDA) Revenue Forecasts By 38%
Liquidia Corporation (NASDAQ:LQDA) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 55% to US$11.27 in the last 7 days. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the current consensus from Liquidia's seven analysts is for revenues of US$50m in 2024 which - if met - would reflect a huge 176% increase on its sales over the past 12 months. Losses are expected to increase substantially, hitting US$0.97 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$37m and losses of US$1.16 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven.
Check out our latest analysis for Liquidia