Adaptive Biotechnologies Corp reports results for the quarter ended in June - Earnings Summary

Adaptive Biotechnologies

01/08/2024 23:01

* Adaptive Biotechnologies Corp  ADPT.OQ  reported a
quarterly
adjusted loss of 31 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -33 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 33 cents per
share. Wall Street expected results to range from -37 cents
to -27 cents per share.
    * Revenue fell 11.7% to $43.19 million from a year ago;
analysts
expected $38.66 million. 
    * Adaptive Biotechnologies Corp's reported EPS for the
quarter was
a loss of 31 cents​.
    * The company reported a quarterly loss of $46.22 million.
    * Adaptive Biotechnologies Corp shares had risen by 25.7%
this
quarter and lost 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 Adaptive
Biotechnologies Corp is $6.00 
This summary was machine generated from LSEG data August 1 at
10:01 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      -0.33          -0.31          Beat
 Mar. 31 2024      -0.34          -0.33          Beat
 Dec. 31 2023      -0.33          -0.30          Beat
 Sep. 30 2023      -0.34          -0.35          Missed