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

BioLife Solutions

09/05/2024 23:41

* BioLife Solutions Inc  BLFS.OQ  reported a quarterly
adjusted
loss of 23 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -32 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 28 cents per
share. Wall Street expected results to range from -41 cents
to -10 cents per share.
    * Revenue fell 15.9% to $31.73 million from a year ago;
analysts
expected $26.01 million. 
    * BioLife Solutions Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * The company reported a quarterly loss of $10.22 million.
    * BioLife Solutions Inc shares had fallen by 3.3% this
quarter and
gained 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.6%
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 8 "strong buy" or "buy," 1
"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 $21.50 
This summary was machine generated from LSEG data May 9 at 10:41
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
 Mar. 31 2024      -0.28          -0.23          Beat
 Dec. 31 2023      -0.34          -0.30          Beat
 Sep. 30 2023      -0.37          -0.30          Beat
 Jun. 30 2023      -0.20          -0.23          Missed