Danimer Scientific Inc expected to post a loss of 23 cents a share - Earnings Preview

DSI Winddown

07/08/2024 03:22

* Danimer Scientific Inc  DNMR.N   DNMR.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Bainbridge Georgia-based  company is expected to
report a
27.9% decrease in revenue to $9.27 million from $12.87 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Danimer Scientific Inc
is for
a loss of 23 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 Danimer
Scientific Inc is $1.25​, above​ its last closing price
of $0.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.26       -0.26      -0.26     Met     0.6
 Dec. 31 2024  -0.40       -0.38      -0.39     Missed  -1.8
 Sep. 30 2023  -0.34       -0.34      -0.39     Missed  -14.7​
 Jun. 30 2023  -0.36       -0.36      -0.38     Missed  -4.5
 ​​Mar.        -0.36       -0.38      -0.36     Beat    5.5
 31 2023                                                
 Dec. 31 2022              -0.29      -0.28     Beat    2.3​
 Jan. 1 0001   -0.17       -0.18      -0.94     Missed  -436.4
 Jun. 30 2022  -0.25       -0.24      -0.30     Missed  -25
 This summary was machine generated August 7 at 02:22 GMT.  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)