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

Bionano Genomics

09/05/2024 19:26

* Bionano Genomics Inc  BNGO.OQ  reported a quarterly
adjusted
loss of 51 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $-1.20.  The mean expectation of four analysts
for the quarter was for a loss of 64 cents per share. Wall
Street expected results to range from -72 cents to -57 cents per
share.
    * Revenue rose 18.3% to $8.77 million from a year ago;
analysts
expected $8.49 million. 
    * Bionano Genomics Inc's reported EPS for the quarter was a
loss
of 60 cents​.
    * The company reported a quarterly loss of $31.42 million.
    * Bionano Genomics Inc shares had fallen by 17.1% this
quarter and
lost 51.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.9%
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 May 9 at 06:26
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      -0.64          -0.51          Beat
 Dec. 31 2023      -0.87                         
 Sep. 30 2023      -0.97          -1.00          Missed
 Jun. 30 2023      -1.03          -1.24          Missed