Codexis Inc expected to post a loss of 32 cents a share - Earnings Preview

Codexis

01/11/2023 02:44

* Codexis Inc  CDXS.OQ   CDXS.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Redwood City California-based  company is expected to
report
 a 70.9% decrease in revenue to $10.027 million from $34.47
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Codexis Inc is for
a loss
of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$6​, above​ its last closing price of $1.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  -0.18       -0.19      -0.15     Beat    19.2
 ​​Jun.        -0.14       -0.13      -0.04     Beat    70.3
 30 2022                                                
 Mar. 31 2022  -0.18       -0.19      -0.13     Beat    30.1​
 Dec. 31 2021  -0.21       -0.22      -0.16     Beat    27.3
 Sep. 30 2021  -0.09       -0.09      0.03      Beat    132.9
 This summary was machine generated November 1 at 02:44 GMT.  All
figures in US dollars  unless otherwise stated