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

Avid Bioservices

08/03/2022 22:02

* Avid Bioservices Inc  CDMO.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
January. The mean expectation of four analysts for the quarter
was for earnings of 4 cents per share.
    * Revenue rose 44.5% to $31.51 million from a year ago; 
analysts
expected $26.59 million. 
    * Avid Bioservices Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 33.3%
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 37.8% this
quarter.
    * The company reported quarterly net income of $2.25
million.
    * Wall Street's median 12-month price target for Avid
Bioservices
Inc is $32.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 8 at 10:02 p.m.  ​All
figures in US dollars unless otherwise stated