Fulgent Genetics Inc expected to post a loss of 30 cents a share - Earnings Preview

Fulgent Genetics

31/07/2024 14:27

* Fulgent Genetics Inc  FLGT.OQ   FLGT.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 2
for the period ending June 30 2024
    * The El Monte California-based  company is expected to
report a
1.8% increase in revenue to $69.066 million from $67.85 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on May 3 2024, for the
period ended June 30, was for revenue of $70.934 million.
    * ​LSEG's mean analyst estimate for Fulgent Genetics Inc is
for a
loss of 30 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 Fulgent
Genetics
Inc is $25.00​, above​ its last closing price of $23.95. ​​​

The company's guidance on May 3 2024 for the period ended June
30 was for gross profit margin of USD40%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.32       -0.32      -0.01     Beat    96.9
 Dec. 31 0001  -0.28       -0.29      0.28      Beat    197.7
 Sep. 30 2023              -0.33      -0.39     Missed  -18.2​
 Jan. 1 0001   -0.33       -0.33      -0.08     Beat    
 ​​Jan.        -0.43       -0.43      -0.22     Beat    48.4
 1 0001                                                 
 Dec. 31 2022  -0.56                  -0.48             14.3​
 Sep. 30 2022  0.05                   0.32              498.1
 Jan. 1 0001   0.73        0.73       0.78      Beat    6.8
 This summary was machine generated July 31 at 13:27 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)