Avid Bioservices Inc reports results for the quarter ended October 31 - Earnings Summary

Avid Bioservices

10/12/2024 22:14

* Avid Bioservices Inc  CDMO.OQ  reported a quarterly
adjusted
loss of 27 cents​​ per share for the quarter ended October 31,
lower than the same quarter last year, when the company reported
EPS of -15 cents.  The mean expectation of five analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -15 cents to -9 cents per share.
    * Revenue rose 31.9% to $33.50 million from a year ago;
analysts
expected $33.80 million. 
    * Avid Bioservices Inc's reported EPS for the quarter was a
loss
of 27 cents​.
    * The company reported a quarterly loss of $17.4 million.
    * Avid Bioservices Inc shares had risen by 7.8% this
quarter and
gained 88.8% 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 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "hold"

Wall Street's median 12-month price target for Avid Bioservices
Inc is $12.50 
This summary was machine generated from LSEG data December 10 at
10:14 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
 Oct. 31 2024      -0.12          -0.27          Missed
 Jul. 31 2024      -0.05          -0.09          Missed
 Apr. 30 2024      -0.04          -1.94          Missed
 Jan. 31 2024      -0.05          -0.09          Missed