Elutia Inc expected to post a loss of 41 cents a share - Earnings Preview

Elutia

08/05/2024 01:55

* Elutia Inc  ELUT.OQ   ELUT.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Silver Spring Maryland-based  company is expected to
report
a 53.3% decrease in revenue to $6.1 million from $13.05 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Elutia Inc is for a loss
of 41
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"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 Elutia Inc
is
$5.50​, above​ its last closing price of $2.90. ​​​

This summary was machine generated May 8 at 00:55 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)