Codexis Inc expected to post a loss of 24 cents a share - Earnings Preview

Codexis

29/10/2024 21:03

* Codexis Inc  CDXS.OQ   CDXS.O  is expected to show a rise
in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Redwood City California-based  company is expected to
report
a 23.8% increase in revenue to $11.482 million from $9.28
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Codexis Inc is for a
loss
of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $3.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.27       -0.26      -0.32     Missed  -21.3
 Mar. 31 2024  -0.17       -0.18      -0.16     Beat    11.1
 Dec. 31 2023  -0.10       -0.12      -0.10     Beat    19.5​
 Jan. 1 0001   -0.32       -0.32      -0.50     Missed  -54.2
 ​​Jun.        -0.21       -0.21      -0.17     Beat    20.5
 30 2023                                                
 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. 30 2022  -0.18       -0.19      -0.15     Beat    19.2
 This summary was machine generated October 29 at 21:02 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)