SMMT Stock - Summit Therapeutics Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | $704,295 | $1.81M | $860,000 |
| Gross Profit | $-15,007,000 | $-2,050,000 | $-1,810,000 | $1.81M | $860,000 |
| Gross Margin | N/A | N/A | -257.0% | 100.0% | 100.0% |
| Operating Income | $313,000 | $-89,736,000 | $-59,633,000 | $-86,186,000 | $-53,193,000 |
| Net Income | $-221,315,000 | $-614,928,000 | $-78,782,000 | $-88,602,000 | $-52,697,000 |
| Net Margin | N/A | N/A | -11185.9% | -4897.8% | -6127.6% |
| EPS | $-0.31 | $-0.99 | $-0.41 | $-0.96 | $-0.76 |
Summit Therapeutics Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States and Latin America. It conducts clinical programs focusing on Clostridioides difficile infection (CDI). The company's lead product candidate is ridinilazole, an orally administered small molecule antibiotic that is in Phase III clinical trials for the treatment of CDI. It also offers SMT-738, for combating multidrug resistant infections primarily carbapenem-resistant Enterobacteriaceae infections; and DDS-04 series for the potential treatment of infections caused by the Enterobacteriaceae. The company was founded in 2003 and is based in Cambridge, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2025 | Barclays | Upgrade | Equal Weight | $18 |
| November 18th 2025 | Wolfe Research | Initiation | Peer Perform | - |
| September 17th 2025 | Barclays | Initiation | Underweight | $13 |
| September 4th 2025 | Guggenheim | Initiation | Buy | $40 |
| August 19th 2025 | Piper Sandler | Initiation | Neutral | $21 |
| July 1st 2025 | UBS | Initiation | Buy | $30 |
| June 11th 2025 | Leerink Partners | Initiation | Underperform | $12 |
| March 26th 2025 | Citigroup | Upgrade | Buy | $35← $23 |
| March 21st 2025 | Cantor Fitzgerald | Initiation | Overweight | - |
| March 12th 2025 | Evercore ISI | Initiation | Outperform | $30 |
| February 28th 2025 | Goldman | Initiation | Buy | $42 |
| January 8th 2025 | Truist | Initiation | Buy | $35 |
| December 11th 2024 | Wells Fargo | Initiation | Overweight | $30 |
| December 6th 2024 | Jefferies | Initiation | Buy | $31 |
| November 4th 2024 | JMP Securities | Initiation | Mkt Outperform | $32 |
Earnings History & Surprises
SMMTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $-0.22 | — | — | — |
Q3 2025 | Aug 11, 2025 | — | $-1.04 | — | — |
Q3 2025 | Aug 11, 2025 | $-0.09 | $-0.76 | -736.9% | ✗ MISS |
Q2 2025 | May 1, 2025 | $-0.09 | $-0.09 | +3.2% | ✓ BEAT |
Q1 2025 | Feb 24, 2025 | $-0.08 | $-0.08 | +2.2% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $-0.07 | $-0.08 | -14.3% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $-0.06 | $-0.05 | +16.7% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $-0.06 | $-0.06 | 0.0% | = MET |
Q4 2023 | Nov 7, 2023 | — | $-0.03 | — | — |
Q3 2023 | Aug 9, 2023 | — | $-0.02 | — | — |
Q2 2023 | May 11, 2023 | — | $-0.06 | — | — |
Q1 2023 | Mar 9, 2023 | $-0.26 | $-0.07 | +73.1% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-0.26 | $-0.14 | +46.2% | ✓ BEAT |
Q3 2022 | Aug 11, 2022 | $-0.27 | $-0.17 | +37.0% | ✓ BEAT |
Q2 2022 | May 11, 2022 | $-0.28 | $-0.22 | +21.4% | ✓ BEAT |
Q1 2022 | Mar 17, 2022 | $-0.27 | $-0.28 | -3.7% | ✗ MISS |
Q4 2021 | Nov 15, 2021 | $-0.29 | $-0.20 | +31.0% | ✓ BEAT |
Q3 2021 | Aug 11, 2021 | $-0.18 | $-0.27 | -50.0% | ✗ MISS |
Q2 2021 | May 17, 2021 | — | $-1.05 | — | — |
Latest News
Barclays Upgrades Summit Therapeutics to Equal-Weight, Raises Price Target to $18
📈 PositiveWolfe Research Initiates Coverage On Summit Therapeutics with Peer Perform Rating
➖ NeutralSummit Therapeutics Partner Akeso Publishes Results From Phase III HARMONi-A Trial Showing Statistically Significant OS Benefit
📈 PositiveSummit Therapeutics To Present Phase III Lung Cancer Trial Results For Ivonescimab At SITC 2025
➖ NeutralSummit Therapeutics Files For Shelf Of Up To 26.7M Shares Of Common Stock By Selling Stockholders
📉 NegativeGuggenheim Reiterates Buy on Summit Therapeutics, Maintains $40 Price Target
📈 PositiveSummit Therapeutics Accepts Offers From Investors to Purchase ~26.68M Shares At $18.74/Share, Raising $500M In Proceeds
📈 PositiveSummit Therapeutics shares are trading lower after HC Wainwright maintained a Buy rating on the stock but lowered its price target from $50 to $40.
📉 NegativeBarclays Maintains Underweight on Summit Therapeutics, Raises Price Target to $16
➖ NeutralHC Wainwright & Co. Maintains Buy on Summit Therapeutics, Lowers Price Target to $40
➖ NeutralCitigroup Maintains Buy on Summit Therapeutics, Raises Price Target to $40
📈 PositiveJMP Securities Reiterates Market Outperform on Summit Therapeutics, Maintains $40 Price Target
📈 PositiveSummit Therapeutics shares are trading lower following Q3 financil results. The company announced plans to submit a Biologics License Application in order to seek approval for ivonescimab plus chemotherapy for this proposed indication.
📉 NegativeSummit Therapeutics Q3 Adj. EPS $(0.13), Inline
➖ NeutralSummit Therapeutics Said That Based On HARMONi Trial Data, It Plans To Submit A Biologics License Application For Ivonescimab Plus Chemotherapy For Epidermal Growth Factor Receptor-mutant Non-small Cell Lung Cancer In Q4 Of 2025
📈 PositiveReported Sunday, Summit Announces Ivonescimab Achieved Median Progression-Free Survival Of 11.14 Months Compared To 6.90 Months For Tislelizumab Plus Chemotherapy In Landmark HARMONi-6 Trial
📈 PositiveSummit Therapeutics Initiates Global Phase III HARMONi-GI3 Trial Evaluating Ivonescimab Plus Chemotherapy In Metastatic Colorectal Cancer
📈 PositiveSummit Therapeutics shares are trading higher after the company announced data from the Phase III HARMONi-6 trial.
📈 PositiveSummit Therapeutics' HARMONi-6 Phase III Trial Shows Ivonescimab Plus Chemotherapy Significantly Improves PFS Over Tislelizumab In 1L Squamous NSCLC; Data To Be Presented At ESMO 2025 Presidential Symposium
📈 PositiveBarclays Initiates Coverage On Summit Therapeutics with Underweight Rating, Announces Price Target of $13
📉 NegativeFrequently Asked Questions about SMMT
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