AquaBounty Technologies Inc reports results for the quarter ended in March - Earnings Summary

Aquabounty Technologies

16/05/2024 24:41

* AquaBounty Technologies Inc  AQB.OQ  reported a quarterly
adjusted loss of $2.90​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $-1.80.  The mean expectation of three analysts
for the quarter was for a loss of $1.52 per share. Wall Street
expected results to range from $-1.74 to $-1.41 per share.
    * Revenue rose 20% to $477.27 thousand from a year ago;
analysts
expected $500.00 thousand. 
    * AquaBounty Technologies Inc's reported EPS for the quarter
was a
loss of $2.90​.
    * The company reported a quarterly loss of $11.16 million.
    * AquaBounty Technologies Inc shares had risen by 0.8% this
quarter and lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 84.6%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "hold"

Wall Street's median 12-month price target for AquaBounty
Technologies Inc is $2.00 
This summary was machine generated from LSEG data May 15 at
11:40 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
 Mar. 31 2024      -1.52          -2.90          Missed
 Dec. 31 2023      -1.53          -2.19          Missed
 Sep. 30 2023      -1.94          -1.60          Beat
 Jun. 30 2023      -1.67          -1.80          Missed