Clene Inc. reports results for the quarter ended in December - Earnings Summary

Clene

13/03/2024 14:37

* Clene Inc.  CLNN.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of five analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -8 cents to -6 cents per share.
    * Revenue fell 27.4% to $170.00 thousand from a year ago;
analysts
expected $145.00 thousand. 
    * Clene Inc.'s reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $10.17 million.
    * Clene Inc. shares had risen by 49.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
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 5 "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 Clene Inc. is
$5.00 
This summary was machine generated from LSEG data March 13 at
02:37 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      -0.07          -0.06          Beat
 Sep. 30 2023      -0.09          -0.02          Beat
 Jun. 30 2023      -0.12          -0.29          Missed
 Mar. 31 2023      -0.14          -0.15          Missed