It has been about a month since the last earnings report for Beam Therapeutics Inc. (BEAM) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Beam Therapeutics due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Beam Therapeutics Q2 Earning ...

Beam Therapeutics Inc. (BEAM) incurred a loss of $1.11 per share in the second quarter of 2024, narrower than the Zacks Consensus Estimate of a loss of $1.13. The company had recorded a loss of $1.08 per share in the year-ago quarter. Total revenues, comprising license and collaboration revenues, came in at $11.7 million in the second quarter compared with $20.1 million reported in the year-ago period. The top line missed the Zacks Consensus Estimate of $14 million. Quarter in Detail Research and developmen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39208 Beam Therapeutics Inc. (Exact name of Registrant as specified in its Charter) Delaware 81-5238376 (State or other jurisdict ...

Beam Therapeutics Inc. (BEAM) came out with a quarterly loss of $1.11 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.77%. A quarter ago, it was expected that this company would post a loss of $1.45 per share when it actually produced a loss of $1.21, delivering a surprise of 16.55%. Over the last four quarters, the company has ...

Exhibit 99.1 Beam Therapeutics Reports Pipeline Updates and Second Quarter 2024 Financial Results U.S. Food and Drug Administration Cleared Investigational New Drug (IND) Application for BEAM-301 in Glycogen Storage Disease Type Ia (GSDIa) More than 20 Patients Enrolled and Six Patients Dosed in BEACON Phase 1/2 Trial of BEAM-101 in Severe Sickle Cell Disease Initial Clinical Data for BEAM-101 and Preclinical Non-human Primate Data for ESCAPE Submitted for Presentation at the American Society of Hematology ...

U.S. Food and Drug Administration Cleared Investigational New Drug (IND) Application for BEAM-301 in Glycogen Storage Disease Type Ia (GSDIa) More than 20 Patients Enrolled and Six Patients Dosed in BEACON Phase 1/2 Trial of BEAM-101 in Severe Sickle Cell Disease Initial Clinical Data for BEAM-101 and Preclinical Non-human Primate Data for ESCAPE Submitted for Presentation at the American Society of Hematology (ASH) Annual Meeting First Patient Dosed in the Phase 1/2 Trial of BEAM-302 in Alpha-1 Antitrypsin ...

The stock rallied as optimism grew over the company's promising pipeline of gene editing therapies, which have been developed based on its proprietary base editing technology. The company is advancing its base editing technology across three disease area portfolios, namely, hematology, immunology/oncology and genetic diseases. Several clinical milestones are expected later in 2024. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical researc ...

BEAM stock enjoys several positive technical factors that warrant closer investigation. First, Barchart identified the biotech enterprise as a possible J-Hook pattern candidate. The J-Hook is a sinusoidal chart pattern that has attracted attention recently in the field of technical analysis. Featuring an up-down, up-down cycle, at the end of the defined "J" pattern, there's a solid possibility that the asset in question could shoot decisively higher. Barchart only identifies viable candidates after they mee ...

Vertex Pharmaceuticals (VRTX) Source: Pavel Kapysh / Shutterstock.com Vertex Pharmaceuticals (NASDAQ:VRTX) stands out as one of the most seasoned players in the biotech space. Unlike the sea of start-ups in the gene editing field, Vertex boasts a rich legacy in the pharma space, empowering it to leverage its massive financial resources. In recent years, we've seen it dabbling into new areas like gene editing, targeting inflammatory and autoimmune disorders along with certain cancers. Moreover, it collaborat ...

Year to date, shares of Beam Therapeutics have lost 5.8% compared with the industry's decline of 2.7%. As part of the leadership transition process, the company is now looking for a new CFO. Terry-Ann Burrell has been an integral part of BEAM's evolution into a leading gene editing company aimed at developing precision genetic medicines through base editing. Image Source: Zacks Investment Research Dosing and engraftment for the three patients in the sentinel cohort of the BEACON study have been completed. D ...