Bionano Genomics Inc reports results for the quarter ended in June - Earnings Summary

Bionano Genomics

07/08/2024 23:18

* Bionano Genomics Inc  BNGO.OQ  reported a quarterly
adjusted
loss of 22 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $-1.24.  The mean expectation of four analysts
for the quarter was for a loss of 42 cents per share. Wall
Street expected results to range from -46 cents to -39 cents per
share.
    * Revenue fell 10.3% to $7.77 million from a year ago;
analysts
expected $8.00 million. 
    * Bionano Genomics Inc's reported EPS for the quarter was a
loss
of 24 cents​.
    * The company reported a quarterly loss of $16.22 million.
    * Bionano Genomics Inc shares had fallen by 24.3% this
quarter and
lost 72.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Bionano Genomics
Inc is $6.00 
This summary was machine generated from LSEG data August 7 at
10:18 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      -0.42          -0.22          Beat
 Mar. 31 2024      -0.64          -0.51          Beat
 Dec. 31 2023      -0.87          -0.41          Beat
 Sep. 30 2023      -0.97          -1.00          Missed