Cibus Inc reports results for the quarter ended September 30 - Earnings Summary

Cibus

08/11/2024 21:46

* Cibus Inc  CBUS.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-1.59.  The mean expectation of three analysts for the
quarter was for a loss of 89 cents per share. Wall Street
expected results to range from -95 cents to -84 cents per share.
    * Revenue rose 250.9% to $1.67 million from a year ago;
analysts
expected $611.00 thousand. 
    * Cibus Inc's reported EPS for the quarter was a loss of
$7.63​.
    * The company reported a quarterly loss of $179.97 million.
    * Cibus Inc shares had risen by 35.0% this quarter and
lost 77.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.7%
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
20.00 
This summary was machine generated from LSEG data November 8 at
09:46 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
 Sep. 30 2024      -0.89          0.06           Beat
 Jun. 30 2024                     -1.14          
 Mar. 31 2024                     -1.12          
 Dec. 31 2023      -1.43          -12.59         Missed