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

CryoPort

07/08/2024 24:11

* Cryoport Inc  CYRX.OQ  reported a quarterly adjusted loss
of 29
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -42
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 39 cents per share. Wall Street expected
results to range from -45 cents to -33 cents per share.
    * Revenue rose 1% to $57.60 million from a year ago;
analysts
expected $57.68 million. 
    * Cryoport Inc's reported EPS for the quarter was a loss of
$1.62​.
    * The company reported a quarterly loss of $77.99 million.
    * Cryoport Inc shares had risen by 8.2% this quarter and
lost 51.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the courier,
postal,
air freight & land-based logistics peer group is also "buy"

Wall Street's median 12-month price target for Cryoport Inc is
$17.00 
This summary was machine generated from LSEG data August 6 at
11:11 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      -0.39          -0.29          Beat
 Mar. 31 2024      -0.35          -0.43          Missed
 Dec. 31 2023      -0.29          -1.31          Missed
 Sep. 30 2023      -0.30          -0.31          Missed