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

Cerus

02/11/2023 21:04

* Cerus Corp  CERS.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -5 cents.  The mean expectation of five analysts for the
quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -6 cents to -5 cents per share.
    * Revenue rose 0.5% to $39.77 million from a year ago;
analysts
expected $42.50 million. 
    * Cerus Corp's reported EPS for the quarter was a loss of 4
cents​.
    * The company reported a quarterly loss of $7.27 million.
    * Cerus Corp shares had fallen by 14.8% this quarter and
lost 62.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% 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." 
    * Wall Street's median 12-month price target for Cerus Corp
is
$5.50 

This summary was machine generated from LSEG data November 2 at
09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.05          -0.03          Beat
 Jun. 30 2023      -0.06          -0.06          Met
 Mar. 31 2023      -0.07          -0.09          Missed
 Dec. 31 2022      -0.05          -0.08          Missed