Clearside Biomedical Inc reports results for the quarter - Earnings Summary

Clearside Biomedical,

13/11/2024 14:26

* Clearside Biomedical Inc  CLSD.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter , higher than the
same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 12 cents per share. Wall Street expected
results to range from -16 cents to -9 cents per share.
    * Revenue rose 20.8% to $1.04 million from a year ago;
analysts
expected $122.86 thousand. 
    * Clearside Biomedical Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $7.69 million.
    * Clearside Biomedical Inc shares had fallen by 12.6% this
quarter and lost 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.1%
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 7 "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 Clearside
Biomedical Inc is $6.00 
This summary was machine generated from LSEG data November 13 at
02:26 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      -0.12          -0.10          Beat
 Jun. 30 2024      -0.13          -0.10          Beat
 Mar. 31 2024                     -0.15          
 Dec. 31 2023      -0.09          -0.08          Beat