Fulgent Genetics Inc reports results for the quarter ended September 30 - Earnings Summary

Fulgent Genetics

08/11/2024 16:21

* Fulgent Genetics Inc  FLGT.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -39 cents.  The mean expectation of
three analysts for the quarter was for a loss of 15 cents per
share. Wall Street expected results to range from -19 cents
to -9 cents per share.
    * Revenue fell 15.3% to $71.74 million from a year ago;
analysts
expected $71.72 million. 
    * Fulgent Genetics Inc's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $14.65 million.
    * Fulgent Genetics Inc shares had risen by 1.3% this
quarter and
lost 23.8% so far this year.

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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for Fulgent Genetics
Inc is 27.00 
This summary was machine generated from LSEG data November 8 at
04:21 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
 Sep. 30 2024      -0.15          0.31           Beat
 Jun. 30 2024      -0.30          0.15           Beat
 Mar. 31 2024      -0.32          -0.01          Beat
 Dec. 31 2023      -0.29          0.28           Beat