Viking Therapeutics Q2 net loss widens, misses expectations

Reuters
24 Jul
<a href="https://laohu8.com/S/VKTX">Viking</a> <a href="https://laohu8.com/S/LENZ">Therapeutics</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net loss widens, misses expectations

Overview

  • Viking Therapeutics Q2 net loss of $65.6 mln misses analyst expectations

  • EPS for Q2 misses estimates due to higher R&D and admin expenses

  • Company maintains strong cash position of $808 mln to support clinical trials

Outlook

  • Company expects top-line results from VENTURE-Oral study in 2H25

  • Viking plans IND submission for DACRA program in 4Q25

  • Amylin program IND filing expected in Q4 2025

Result Drivers

  • PHASE 3 TRIALS - Initiation of Phase 3 VANQUISH trials for VK2735 in obesity and type 2 diabetes

  • PHASE 2 ENROLLMENT - Completion of enrollment for Phase 2 VENTURE-Oral Dosing trial

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

Miss

-$0.58

-$0.45 (19 Analysts)

Q2 Net Income

Miss

-$65.56 mln

-$51.60 mln (16 Analysts)

Q2 Income from Operations

Miss

-$74.57 mln

-$59.10 mln (15 Analysts)

Q2 Operating Expenses

$74.57 mln

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 Viking Therapeutics Inc is $101.00, about 68.2% above its July 22 closing price of $32.10

Press Release: ID:nPn9SCNZpa

(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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