Erasca Inc (ERAS) FY2024Q3 Earning Prediction

11/12 ET

Erasca Inc (ERAS) is set to release its earnings performance on 11/12 ET in trading. Consensus forecasts predict a revenue of - and an earnings per share (EPS) of -0.17 for the . With Intellectia's exclusive AI algorithms, users can predict whether the earnings will beat or miss expectations before the report drops. Leverage this powerful tool to strategize and position your trades ahead of the earnings release!

Estimate

Actual

Surprise

Revenue-

EPSBEAT

-0.17

-0.11

+35.29%

Earnings Surprise Analysis

The chart displays the extent of earnings surprises and corresponding stock price movements for each earnings event.

Revenue

EPS

ERAS Transcript

Erasca, Inc. (ERAS) R&D Update Call and Q4 2023 Earnings Call Transcript

Positive3-29

The earnings call highlights strong financial performance and promising clinical trial results, with significant improvements in PFS and OS for Naporafenib plus Trametinib. Regulatory alignment and supportive interactions with FDA and Novartis further boost confidence. Despite some management vagueness, the overall sentiment is positive, driven by advancements in treatment efficacy and financial health. The positive developments in product efficacy and financial runway extension outweigh any concerns, suggesting a positive stock price movement in the short term.

ERAS Report

Frequently Asked Questions

What is the Erasca Inc FY2024Q3 Earnings Release Date and Time?

Erasca Inc (ERAS) is scheduled to release its FY2024Q3 earnings report onNov 12, 2024, (approximately 4:00 PM ET). This timing allows investors to react during after-hours trading, with a conference call typically following shortly after.

What Are the Consensus Forecasts for Erasca Inc FY2024Q3 Revenue and EPS?

Analysts' consensus predicts in revenue and an EPS of -0.17 for Erasca Inc's FY2024Q3.

What Does Intellectia's AI Predict for Erasca Inc FY2024Q3 Earnings?

Intellectia's exclusive AI algorithms forecast a forErasca Inc's FY2024Q3 earnings, with a prediction date of Nov 12, 2024. Erasca Inc

How Can I Use This Earnings Prediction to Trade ERAS Stock?

Leverage Intellectia's AI forecast to position trades ahead of theNov 12, 2024 release—consider calls for a beat scenario or protective puts for misses. Focus on pre-market volatility, and use the scenario probabilities to build strategies around revenue and guidance updates.

How Accurate Is Intellectia's AI for Earnings Predictions Like Erasca Inc FY2024Q3?

Intellectia's predictions are backed by rigorous backtesting, showing a high hit rate for Beat and Miss calls compared to traditional analysis. While no forecast is 100% certain, we provide probability-based scenarios (e.g., 50% chance of a *Beat*) and detailed rationales to help you make informed decisions. Combine our insights with your strategy for the best results—it's like having a co-pilot for earnings season! Empowering users to strategize trades before reports drop.

How does AI Earnings Prediction generate its forecasts?

AI Earnings Prediction uses advanced Large Language Models (LLMs) to analyze a wealth of data, including past earnings transcripts, real-time market sentiment, analyst insights, and company news from the last three months. It focuses on key indicators like revenue, EPS, and margins to predict whether a company will *Beat*, *Miss*, or remain Neutral relative to market expectations. Think of it as a super-smart analyst crunching numbers and news 24/7 to give you a trading edge!

When are the predictions available, and how often are they updated?

Predictions are generated two days before a company’s earnings release (e.g., 5:00 PM ET on Feb 13 for a Feb 15 report) to capture the latest market and company data. They’re updated in real-time if significant news breaks, ensuring you get fresh insights.

Can I use AI Earnings Prediction for all types of stocks?

Currently, AI Earnings Prediction focuses on companies with market caps above $40 billion, covering major players like SPG, AAPL, MSFT, and NVDA for the 2025-2026 earnings seasons. We prioritize high-impact stocks with robust data to ensure reliable forecasts. Stay tuned as we expand coverage to more companies based on user demand!