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

Celcuity

15/05/2024 22:02

* Celcuity Inc  CELC.OQ  reported a quarterly adjusted loss
of 59
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -55
cents.  The mean expectation of six analysts for the quarter was
for a loss of 71 cents per share. Wall Street expected
results to range from -78 cents to -59 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Celcuity Inc's reported EPS for the quarter was a loss
of 64
cents​.
    * The company reported a quarterly loss of $21.61 million.
    * Celcuity Inc shares had fallen by 21.8% this quarter and
gained 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.3%
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 6 "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 May 15 at
09:01 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      -0.71          -0.59          Beat
 Dec. 31 2023      -0.73          -0.65          Beat
 Sep. 30 2023      -0.68          -0.83          Missed
 Jun. 30 2023      -0.60          -0.66          Missed