Cibus Inc reports results for the quarter ended in June - Earnings Summary

Cibus

08/08/2024 23:42

* Cibus Inc  CBUS.OQ  reported a quarterly adjusted loss of
$1.14​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-3.05.  The mean expectation of three analysts for the quarter
was for a loss of 81 cents per share. Wall Street expected
results to range from -99 cents to -63 cents per share.
    * Revenue was $838.00 thousand​; analysts expected $440.00
thousand. 
    * Cibus Inc's reported EPS for the quarter was a loss of
$1.14​.
    * The company reported a quarterly loss of $24.88 million.
    * Cibus Inc shares had fallen by 21.5% this quarter and
lost 60.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.4%
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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Cibus Inc is
$23.50 
This summary was machine generated from LSEG data August 8 at
10:41 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
 Jun. 30 2024      -0.81          -1.14          Missed
 Mar. 31 2024      -1.01          -1.12          Missed
 Dec. 31 2023      -1.43          -12.59         Missed
 Sep. 30 2023      -1.17          -1.59          Missed