Zai Lab Limited (NASDAQ:ZLAB) Just Released Its Annual Results And Analysts Are Updating Their Estim
Investors in Zai Lab Limited (NASDAQ:ZLAB) had a good week, as its shares rose 2.5% to close at US$34.64 following the release of its annual results. Revenue hit US$399m in line with forecasts, although the company reported a statutory loss per share of US$2.60 that was somewhat smaller than the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of.
- The significant increase in revenue expectations suggests that Zai Lab's growth prospects may be more robust than initially anticipated, which could lead to increased investor confidence and potentially drive up the stock price.
- However, with analyst forecasts still pointing to a loss next year, it remains unclear whether the company can sustain its growth momentum without significantly improving its profitability.