Agenus (AGEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Viewpoint - The market anticipates Agenus (AGEN) will report a year-over-year increase in earnings driven by higher revenues, with the earnings report expected on August 8, 2024 [1] Financial Expectations - Agenus is projected to post a quarterly loss of $1.33 per share, reflecting a year-over-year change of +66.8% [2] - Revenues are expected to reach $64.73 million, which is an increase of 155.9% compared to the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 53.89% over the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Agenus is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.55% [6][7] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Agenus currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, Agenus was expected to post a loss of $3.58 per share but actually reported a loss of $3.04, resulting in a surprise of +15.08% [8] - Over the past four quarters, Agenus has exceeded consensus EPS estimates two times [8] Conclusion - Agenus is viewed as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [9]