Published on 27 Aug 2022 on Simply Wall St. via Yahoo Finance

News Flash: 2 Analysts Think Lannett Company, Inc. (NYSE:LCI) Earnings Are Under Threat

Market forces rained on the parade of Lannett Company, Inc. (NYSE:LCI) shareholders today, when the analysts downgraded their forecasts for this year. Revenue and earnings per share (EPS) forecasts were both revised downwards, with the analysts seeing grey clouds on the horizon.

Following the downgrade, the consensus from twin analysts covering Lannett Company is for revenues of US$289m in 2023, implying a chunky 15% decline in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 72% to US$1.54. However, before this estimates update, the consensus had been expecting revenues of US$344m and US$1.40 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.

Check out our latest analysis for Lannett Company