Dyadic International Inc reports results for the quarter ended in December - Earnings Summary

Dyadic International

28/03/2024 21:02

* Dyadic International Inc  DYAI.OQ  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -7 cents.  The mean expectation of two analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -8 cents to -5 cents per share.
    * Revenue fell 7.7% to $687.00 thousand from a year ago;
analysts
expected $800.00 thousand. 
    * Dyadic International Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $2.04 million.
    * Dyadic International Inc shares had risen by 1.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"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 Dyadic
International Inc is $7.50 
This summary was machine generated from LSEG data March 28 at
09:02 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
 Dec. 31 2023      -0.06          -0.08          Missed
 Sep. 30 2023      -0.06          -0.06          Met
 Jun. 30 2023      -0.05          -0.07          Missed