CERE Stock - Cerevel Therapeutics Holdings, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $-5,627,000 | $-4,903,000 | $-2,731,000 | $-397,000 | N/A |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-447,265,000 | $-367,848,000 | $-220,098,000 | $-149,116,000 | $-83,463,000 |
| Net Income | $-432,842,000 | $-351,511,000 | $-222,446,000 | $-152,142,000 | $-128,389,000 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-2.67 | $-2.32 | $-1.63 | $-1.29 | $-1.01 |
Cerevel Therapeutics Holdings, Inc., a clinical-stage biopharmaceutical company, engages in the development of various therapies for neuroscience diseases. It is developing emraclidine, a positive allosteric modulator (PAM) that is in phase 1b clinical trials for the treatment of schizophrenia; and Darigabat, a PAM, which is in Phase 2 proof-of-concept trial in patients with drug-resistant focal onset seizures in epilepsy or focal epilepsy, as well as in phase 1 trial to treat acute anxiety. The company's products also comprise Tavapadon, a selective dopamine D1/D5 partial agonist that is in phase 3 clinical trial for the treatment of early- and late-stage Parkinson's disease; CVL-871, a selective dopamine D1/D5 partial agonist, which is in Phase 2a clinical trial to treat dementia-related apathy; CVL-936, a selective dopamine D3-preferring antagonist, which is in Phase I clinical trial for the treatment of substance use disorder; CVL-354, a selective kappa-opioid receptor antagonist to treat major depressive disorder and substance use disorder; and CVL-047, selective PDE4 inhibitor for the treatment of major depressive disorder and substance use disorder. It is also involved in the development of an M4 agonist program for the treatment of psychosis and related indications; and an LRRK2 inhibitor program to address disease progression in Parkinson's. The company was founded in 2018 and is headquartered in Cambridge, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2023 | TD Cowen | Downgrade | Market Perform | $45 |
| November 20th 2023 | JP Morgan | Resumed | Neutral | $25 |
| September 28th 2023 | Piper Sandler | Initiation | Overweight | $33 |
| August 3rd 2023 | BofA Securities | Downgrade | Neutral | $31← $36 |
| May 4th 2023 | Wells Fargo | Upgrade | Overweight | $30 |
| April 10th 2023 | TD Cowen | Initiation | Outperform | - |
| March 17th 2023 | JP Morgan | Downgrade | Neutral | $29← $40 |
| March 16th 2023 | Berenberg | Resumed | Hold | $22 |
| February 23rd 2023 | Wells Fargo | Downgrade | Equal Weight | $30← $38 |
| November 1st 2022 | Loop Capital | Initiation | Buy | $40 |
| October 20th 2022 | BofA Securities | Initiation | Buy | $39 |
| September 29th 2022 | Cantor Fitzgerald | Initiation | Overweight | $41 |
| September 26th 2022 | Wells Fargo | Initiation | Overweight | $38 |
| September 13th 2022 | Evercore ISI | Initiation | Outperform | - |
| July 7th 2022 | Mizuho | Initiation | Neutral | $30 |
Earnings History & Surprises
CEREEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Aug 7, 2024 | $-0.61 | $-0.63 | -3.3% | ✗ MISS |
Q2 2024 | May 8, 2024 | $-0.66 | $-0.73 | -10.9% | ✗ MISS |
Q2 2024 | May 1, 2024 | $-0.61 | $-0.73 | -19.7% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $-0.63 | $-0.61 | +3.2% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $-0.65 | $-0.63 | +3.1% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $-0.67 | $-0.67 | 0.0% | = MET |
Q1 2023 | Feb 22, 2023 | $-0.64 | $-0.59 | +7.8% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $-0.62 | $-0.66 | -6.5% | ✗ MISS |
Q3 2022 | Aug 1, 2022 | $-0.50 | $-0.61 | -22.0% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-0.44 | $-0.46 | -4.5% | ✗ MISS |
Q1 2022 | Mar 1, 2022 | $-0.41 | $-0.40 | +2.4% | ✓ BEAT |
Q4 2021 | Nov 10, 2021 | $-0.40 | $-0.43 | -7.5% | ✗ MISS |
Q3 2021 | Aug 11, 2021 | $-0.41 | $-0.42 | -2.4% | ✗ MISS |
Q2 2021 | May 17, 2021 | $-0.45 | $-0.40 | +11.1% | ✓ BEAT |
Q1 2021 | Mar 24, 2021 | $-0.37 | $-0.27 | +27.0% | ✓ BEAT |
Q4 2020 | Nov 16, 2020 | — | $-0.31 | — | — |
Q4 2020 | Oct 7, 2020 | — | $-0.21 | — | — |
Q1 2020 | Mar 31, 2020 | — | $-0.42 | — | — |
Q4 2019 | Dec 31, 2019 | — | $-0.35 | — | — |
Q3 2019 | Sep 30, 2019 | — | $-0.50 | — | — |
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