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

CryoPort

07/05/2024 23:18

* Cryoport Inc  CYRX.OQ  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -16
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 35 cents per share. Wall Street expected
results to range from -42 cents to -19 cents per share.
    * Revenue fell 13.1% to $54.59 million from a year ago;
analysts
expected $58.76 million. 
    * Cryoport Inc's reported EPS for the quarter was a loss
of 43
cents​.
    * The company reported a quarterly loss of $20.9 million.
    * Cryoport Inc shares had fallen by 9.6% this quarter and
gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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
$18.00 
This summary was machine generated from LSEG data May 7 at 10:18
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
 Mar. 31 2024      -0.35          -0.43          Missed
 Dec. 31 2023      -0.29          -1.31          Missed
 Sep. 30 2023      -0.30          -0.31          Missed
 Jun. 30 2023      -0.24          -0.42          Missed