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

Celcuity

15/08/2024 05:55

* Celcuity Inc  CELC.OQ  reported a quarterly adjusted loss
of 62
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -66
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 68 cents per share. Wall Street expected
results to range from -76 cents to -60 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Celcuity Inc's reported EPS for the quarter was a loss
of 62
cents​.
    * The company reported a quarterly loss of $23.72 million.
    * Celcuity Inc shares had risen by 2.7% this quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 7 "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 Celcuity Inc is
$27.00 
This summary was machine generated from LSEG data August 15 at
04:55 a.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      -0.68          -0.62          Beat
 Mar. 31 2024      -0.71          -0.64          Beat
 Dec. 31 2023      -0.73          -0.65          Beat
 Sep. 30 2023      -0.68          -0.83          Missed