Avid Bioservices Inc expected to post a loss of 5 cents a share - Earnings Preview

Avid Bioservices

03/09/2024 21:16

* Avid Bioservices Inc  CDMO.OQ   CDMO.O  is expected
to show a
rise in quarterly revenue when it reports  results on September
5 (estimated) for the period ending July 31 2024
    * The Tustin California-based  company is expected to report
a
8.1% increase in revenue to $40.764 million from $37.73 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Avid Bioservices Inc is
for a
loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Avid
Bioservices
Inc is 13.00​, above​ its last closing price of $10.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  -0.04       -0.04      -1.94     Missed  -5,073
                                                        .3
 Jan. 31 2024  -0.05       -0.05      -0.09     Missed  -71.4
 Oct. 31 2023  -0.06       -0.06      -0.15     Missed  -140​
 Jul. 31 2023  -0.03       -0.03      -0.03     Met     -9.1
 ​​Jan.        0.00        0.00       0.00      Met     
 1 0001                                                 
 Jan. 31 2023  -0.04       -0.03      0.01      Beat    128.6​
 Oct. 31 2022  0.00        0.00       -0.02     Missed  -300
 Jul. 31 2022  0.04        0.04       0.02      Missed  -45.5
 This summary was machine generated September 3 at 20:16 GMT. 
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)