BioLife Solutions Inc reports results for the quarter ended in June - Earnings Summary

BioLife Solutions

08/08/2024 23:05

* BioLife Solutions Inc  BLFS.OQ  reported a quarterly
adjusted
loss of 50 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -23 cents.  The mean expectation of eight analysts for
the quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -21 cents to -9 cents per share.
    * Revenue fell 28.3% to $28.33 million from a year ago;
analysts
expected $23.95 million. 
    * BioLife Solutions Inc's reported EPS for the quarter was a
loss
of 50 cents​.
    * The company reported a quarterly loss of $7.15 million.
    * BioLife Solutions Inc shares had risen by 2.9% this
quarter and
gained 35.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for BioLife Solutions
Inc is $26.00 
This summary was machine generated from LSEG data August 8 at
10:05 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
 Jun. 30 2024      -0.14          -0.50          Missed
 Mar. 31 2024      -0.28          -0.23          Beat
 Dec. 31 2023      -0.34          -0.30          Beat
 Sep. 30 2023      -0.37          -0.30          Beat