Codexis Inc reports results for the quarter ended in June - Earnings Summary

Codexis

08/08/2024 22:52

* Codexis Inc  CDXS.OQ  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of eight analysts for the quarter
was for a loss of 27 cents per share. Wall Street expected
results to range from -29 cents to -25 cents per share.
    * Revenue fell 62.6% to $7.98 million from a year ago;
analysts
expected $7.83 million. 
    * Codexis Inc's reported EPS for the quarter was a loss
of 32
cents​.
    * The company reported a quarterly loss of $22.76 million.
    * Codexis Inc shares had fallen by 2.6% this quarter and
lost 1.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Codexis Inc is
$7.00 
This summary was machine generated from LSEG data August 8 at
09:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.27          -0.32          Missed
 Mar. 31 2024      -0.18          -0.16          Beat
 Dec. 31 2023      -0.12          -0.10          Beat
 Sep. 30 2023      -0.32          -0.50          Missed