Codexis Inc expected to post a loss of 21 cents a share - Earnings Preview

Codexis

02/08/2023 03:03

* Codexis Inc  CDXS.OQ   CDXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Redwood City California-based  company is expected to
report
 a 45.1% decrease in revenue to $21.08 million from $38.41
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
July 18 2023, for the period ended June 30, was for revenue
between $21.00 million and $22.00 million.
    * ​Refinitiv's mean analyst estimate for Codexis Inc is for
a loss
of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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
$9​, above​ its last closing price of $3.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.30       -0.31      -0.34     Missed  -9.9
 Dec. 31 2023  -0.22       -0.23      -0.14     Beat    38.2
 Sep. 30 2022  -0.18       -0.19      -0.15     Beat    19.2​
 Jun. 30 2022  -0.14       -0.13      -0.04     Beat    70.3
 ​​Mar.        -0.18       -0.19      -0.13     Beat    30.1
 31 2022                                                
 Dec. 31 2021  -0.21       -0.22      -0.16     Beat    27.3​
 Sep. 30 2021  -0.09       -0.09      0.03      Beat    132.9
 Jun. 30 2021  -0.17       -0.17      -0.07     Beat    59.4
 This summary was machine generated August 2 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated