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

Elevation Oncology

06/08/2024 14:30

* Elevation Oncology Inc  ELEV.OQ  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -37 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 22 cents per
share. Wall Street expected results to range from -27 cents
to -19 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Elevation Oncology Inc's reported EPS for the quarter was
a loss
of 18 cents​.
    * The company reported a quarterly loss of $10.46 million.
    * Elevation Oncology Inc shares had fallen by 21.1% this
quarter and gained 296.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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," 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 Elevation
Oncology Inc is $8.00 
This summary was machine generated from LSEG data August 6 at
01:30 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      -0.22          -0.18          Beat
 Mar. 31 2024      -0.20          -0.23          Missed
 Dec. 31 2023      -0.24          -0.19          Beat
 Sep. 30 2023      -0.32          -0.25          Beat