Codexis Inc expected to post a loss of 31 cents a share - Earnings Preview

Codexis

03/05/2023 03:08

* Codexis Inc  CDXS.OQ   CDXS.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 4. 
    * The Redwood City California-based  company is expected to
report
 a 60.1% decrease in revenue to $14.091 million from $35.34
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Codexis Inc is for
a loss
of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"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
$10.5​, above​ its last closing price of $3.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  -0.18       -0.19      -0.13     Beat    30.1
 ​​Dec.        -0.21       -0.22      -0.16     Beat    27.3
 31 2021                                                
 Sep. 30 2021  -0.09       -0.09      0.03      Beat    132.9​
 Jun. 30 2021  -0.17       -0.17      -0.07     Beat    59.4
 Mar. 31 2021  -0.21       -0.20      -0.14     Beat    30.9
 This summary was machine generated May 3 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated