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

CervoMed

14/05/2024 23:22

* CervoMed Inc  CRVO.OQ  reported a quarterly adjusted loss
of 41
cents​​ per share for the quarter ended in March.  The mean
expectation of two analysts for the quarter was for a loss of 39
cents per share. Wall Street expected results to range from -46
cents to -32 cents per share.
    * Revenue was $2.35 million​; analysts expected $1.35
million. 
    * CervoMed Inc's reported EPS for the quarter was a loss
of 41
cents​.
    * The company reported a quarterly loss of $2.51 million.
    * CervoMed Inc shares had risen by 4.9% this quarter and
gained 220.4% so far this year.

FORECAST CHANGES
    * 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 1 "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 CervoMed Inc is
$47.50 
This summary was machine generated from LSEG data May 14 at
10:22 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      -0.39          -0.41          Missed
 Dec. 31 2023      -0.29          -0.38          Missed
 Sep. 30 2023      -0.95          -0.70          Beat