Cerus Corp reports results for the quarter ended in September 30 - Earnings Summary

Cerus

31/10/2024 02:37

* Cerus Corp  CERS.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of six analysts for the
quarter was for a loss of 3 cents per share. 
    * Revenue rose 15.7% to $46.02 million from a year ago;
analysts
expected $47.34 million. 
    * Cerus Corp's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $2.93 million.
    * Cerus Corp shares had fallen by 2.3% this quarter and
lost 21.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.3%
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 4 "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 October 31 at
02:37 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
 Sep. 30 2024      -0.03          -0.02          Beat
 Jun. 30 2024      -0.04          -0.03          Beat
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      -0.02          -0.01          Beat