Published on 3 Mar 2024 on Simply Wall St. via Yahoo Finance
Analysts Just Made A Meaningful Upgrade To Their MannKind Corporation (NASDAQ:MNKD) Forecasts
Celebrations may be in order for MannKind Corporation (NASDAQ:MNKD) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. Investors have been pretty optimistic on MannKind too, with the stock up 27% to US$4.50 over the past week. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the latest consensus from MannKind's six analysts is for revenues of US$284m in 2024, which would reflect a major 43% improvement in sales compared to the last 12 months. Losses are expected to turn into profits real soon, with the analysts forecasting US$0.20 in per-share earnings. Prior to this update, the analysts had been forecasting revenues of US$246m and earnings per share (EPS) of US$0.088 in 2024. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.
Check out our latest analysis for MannKind