Cerus Corp expected to post a loss of 2 cents a share - Earnings Preview

Cerus

01/03/2024 22:10

* Cerus Corp  CERS.OQ   CERS.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 5 for the
period ending December 31 2023
    * The Concord California-based  company is expected to
report a
11.9% increase in revenue to $49.267 million from $44.03 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL majority is on product revenue)
    * ​LSEG's mean analyst estimate for Cerus Corp is for a loss
of 2
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cerus Corp
is
$4.00​, above​ its last closing price of $2.18. ​​​

The company's guidance on January 8 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD0.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.06       -0.05      -0.03     Beat    42.9
 Jun. 30 2023  -0.06       -0.06      -0.06     Met     -7.1
 Mar. 31 2023  -0.07       -0.07      -0.09     Missed  -20​
 Dec. 31 2022  -0.06       -0.05      -0.08     Missed  -68.4
 ​​Sep.        -0.05       -0.06      -0.05     Beat    10.7
 30 2022                                                
 Jun. 30 2022  -0.07       -0.07      -0.05     Beat    26.5​
 Mar. 31 2022  -0.08       -0.09      -0.07     Beat    18.6
 Dec. 31 2021  -0.08       -0.08      -0.05     Beat    35.9
 This summary was machine generated March 1 at 22:10 GMT.  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)