Codexis Inc expected to post a loss of 12 cents a share - Earnings Preview

Codexis

27/02/2024 01:01

* Codexis Inc  CDXS.OQ   CDXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Redwood City California-based  company is expected to
report
a 34.5% decrease in revenue to $19.901 million from $30.38
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Codexis Inc is for a
loss
of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Codexis Inc
is
$5.00​, above​ its last closing price of $3.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.32       -0.32      -0.50     Missed  -54.2
 Jun. 30 2023  -0.21       -0.21      -0.17     Beat    20.5
 Mar. 31 2023  -0.30       -0.31      -0.34     Missed  -9.9​
 Dec. 31 2022  -0.22       -0.23      -0.14     Beat    38.2
 ​​Sep.        -0.18       -0.19      -0.15     Beat    19.2
 30 2022                                                
 Jun. 30 2022  -0.14       -0.13      -0.04     Beat    70.3​
 Mar. 31 2022  -0.18       -0.19      -0.13     Beat    30.1
 Dec. 31 2021  -0.21       -0.22      -0.16     Beat    27.3
 This summary was machine generated February 27 at 01:01 GMT. 
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)