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

Elutia

08/03/2024 24:06

* Elutia Inc  ELUT.OQ  reported a quarterly adjusted loss
of 40
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -38
cents.  The mean expectation of two analysts for the quarter was
for a loss of 28 cents per share. Wall Street expected
results to range from -32 cents to -25 cents per share.
    * Revenue fell 53.6% to $5.88 million from a year ago;
analysts
expected $6.55 million. 
    * Elutia Inc's reported EPS for the quarter was a loss of 40
cents​.
    * The company reported a quarterly loss of $9.32 million.
    * Elutia Inc shares had risen by 63.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.9%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Elutia Inc is
$5.50 
This summary was machine generated from LSEG data March 8 at
12:06 a.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      -0.28          -0.40          Missed
 Sep. 30 2023      -0.53          -0.57          Missed
 Jun. 30 2023      -0.29          -0.65          Missed
 Mar. 31 2023      -0.54          -0.49          Beat