Avid Bioservices Inc reports results for the quarter ended in April - Earnings Summary

Avid Bioservices

29/06/2022 22:01

* Avid Bioservices Inc  CDMO.OQ  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in April.
The mean expectation of four analysts for the quarter was
for earnings of one cent per share.
    * Revenue rose 13.1% to $31.23 million from a year ago; 
analysts
expected $28.96 million. 
    * Avid Bioservices Inc's reported EPS for the quarter was
$1.65​.
    * 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. 
    * Avid Bioservices Inc shares had fallen by 23.7% this
quarter and
lost 46.7% so far this year.
    * The company reported quarterly net income of $115.6
million.
    * Wall Street's median 12-month price target for Avid
Bioservices
Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated June 29 at 09:00 p.m.  ​All
figures in US dollars unless otherwise stated