Cartesian Therapeutics, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cartesian Therapeutics, Inc. reports results for the quarter ended June 30 - Earnings Summary
Cartesian Therapeutics, Inc. RNAC.OQ reported quarterly adjusted earnings of 64 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of seven analysts for the quarter was for a loss of 87 cents per share. Wall Street expected results to range from $-1.05 to -60 cents per share.
Reported revenue was zero; analysts expected $134.75 thousand.
Cartesian Therapeutics, Inc.'s reported EPS for the quarter was 46 cents.
The company reported quarterly net income of $13.72 million.
Cartesian Therapeutics, Inc. shares had fallen by 19.9% this quarter and gained 15.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.9% 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 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is also "buy"
Wall Street's median 12-month price target for Cartesian Therapeutics, Inc. is $39.00, about 78.6% above its last closing price of $8.35
This summary was machine generated from LSEG data August 6 at 01:02 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 2026 | -0.87 | 0.64 | Beat |
Mar. 31 2026 | -0.88 | -1.46 | Missed |
Dec. 31 2025 | -0.85 | -3.57 | Missed |
Sep. 30 2025 | -0.84 | -1.38 | Missed |
Recent news on Cartesian Therapeutics
See all newsBrief: Cartesian Therapeutics Announces Additional Retreatment Data For Descartes-08 Highlighting Deep And Durable Responses In Patients With Myasthenia Gravis
Cartesian Therapeutics, Inc. reports results for the quarter ended June 30 - Earnings Summary
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Cartesian Therapeutics Inc expected to post a loss of 87 cents a share - Earnings Preview