AquaBounty Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Aquabounty Technologies

06/11/2024 04:52

* AquaBounty Technologies Inc  AQB.OQ  reported a quarterly
adjusted loss of 88 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $-1.60.  The mean expectation of
two analysts for the quarter was for a loss of 88 cents per
share. Wall Street expected results to range from -89 cents
to -88 cents per share.
    * Revenue fell 93.6% to $47.00 thousand from a year ago;
analysts
expected $75.00 thousand. 
    * AquaBounty Technologies Inc's reported EPS for the quarter
was a
loss of 88 cents​.
    * The company reported a quarterly loss of $3.4 million.
    * AquaBounty Technologies Inc shares had fallen by 6.6% this
quarter and lost 60.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 2
"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 November 6 at
04:52 a.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
 Sep. 30 2024      -0.88          -0.88          Met
 Jun. 30 2024      -1.15          -1.57          Missed
 Mar. 31 2024      -1.52          -2.90          Missed
 Dec. 31 2023      -1.53          -2.19          Missed