Clearside Biomedical Inc reports results for the quarter ended in December - Earnings Summary

Clearside Biomedical,

12/03/2024 21:01

* Clearside Biomedical Inc  CLSD.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -16 cents.  The mean expectation of six analysts
for the quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -15 cents to -5 cents per share.
    * Revenue rose 1,822.7% to $6.35 million from a year ago;
analysts
expected $4.43 million. 
    * Clearside Biomedical Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $4.83 million.
    * Clearside Biomedical Inc shares had risen by 72.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 6 "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 $5.50 
This summary was machine generated from LSEG data March 12 at
09:01 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
 Dec. 31 2023      -0.09          -0.08          Beat
 Sep. 30 2023      -0.15          -0.15          Met
 Jun. 30 2023      -0.14          -0.15          Missed
 Mar. 31 2023      -0.14          -0.15          Missed