Abeona Therapeutics Inc reports results for the quarter ended in January - Earnings Summary

Abeona Therapeutics

12/08/2024 16:06

* Abeona Therapeutics Inc  ABEO.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -92 cents.  The mean expectation of six analysts
for the quarter was for a loss of 36 cents per share. Wall
Street expected results to range from -45 cents to -30 cents per
share.
    * Reported revenue was zero​; analysts expected $83.33
thousand. 
    * Abeona Therapeutics Inc's reported EPS for the quarter was
a
loss of 26 cents​.
    * The company reported a quarterly loss of $13.45 million.
    * Abeona Therapeutics Inc shares had risen by 4.2% this
quarter and lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 31.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Abeona
Therapeutics Inc is $17.50 
This summary was machine generated from LSEG data August 12 at
03:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.36          -0.26          Beat
 Mar. 31 2024      -0.51          -1.16          Missed
 Dec. 31 2023      -0.47          -0.77          Missed
 Sep. 30 2023      -0.53          -0.48          Beat