IDEAYA Q4 profit slightly beats estimates

Reuters
02/17
IDEAYA Q4 profit slightly beats estimates

Overview

  • Precision medicine oncology firm's Q4 EPS and net income slightly beat analyst expectations

  • Q4 collaboration revenue rose compared to the same period last year

  • Company anticipates topline results from Phase 2/3 trial in metastatic uveal melanoma by March end

Outlook

  • IDEAYA expects topline results from darovasertib trial by end of March 2026

  • Company anticipates three Phase 3 trials for darovasertib by H1 2026

  • IDEAYA plans IDE849 registrational study in SCLC by end of 2026

Result Drivers

  • CLINICAL TRIAL PROGRESS - IDEAYA completed full enrollment in its Phase 2/3 trial for metastatic uveal melanoma, with topline results expected by March end

  • PIPELINE EXPANSION - Co initiated IND filings for IDE034 and IDE574, expanding its clinical pipeline

  • FINANCIAL POSITION - IDEAYA reported $1.05 bln in cash and equivalents, expected to fund operations into 2030

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Collaboration Revenue

$10.88 mln

Q4 EPS

Beat

-$0.94

-$0.97 (17 Analysts)

Q4 Net Income

Slight Beat*

-$83.27 mln

-$83.37 mln (15 Analysts)

Q4 Profit From Operations

Beat

-$94.57 mln

-$96.32 mln (16 Analysts)

Q4 Operating Expenses

$105.45 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for IDEAYA Biosciences Inc is $48.00, about 58.6% above its February 13 closing price of $30.27

Press Release: ID:nPn6yX2DKa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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