Cerus Corp reports results for the quarter ended in December - Earnings Summary

Cerus

05/03/2024 23:29

* Cerus Corp  CERS.OQ  reported a quarterly adjusted loss of
1
cent​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of five analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -3 cents to -1 cents per share.
    * Revenue rose 6.2% to $46.77 million from a year ago;
analysts
expected $49.27 million. 
    * Cerus Corp's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $1.33 million.
    * Cerus Corp shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
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," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Cerus Corp is
$4.00 
This summary was machine generated from LSEG data March 5 at
11:28 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
 Dec. 31 2023      -0.02          -0.01          Beat
 Sep. 30 2023      -0.05          -0.03          Beat
 Jun. 30 2023      -0.06          -0.06          Met
 Mar. 31 2023      -0.07          -0.09          Missed