Generation Bio Co reports results for the quarter ended in June - Earnings Summary

Generation Bio

07/08/2024 23:08

* Generation Bio Co  GBIO.OQ  reported a quarterly adjusted
loss
of 31 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -47 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 28 cents per share. Wall Street
expected results to range from -38 cents to -21 cents per share.
    * Revenue rose 364.9% to $4.09 million from a year ago;
analysts
expected $1.96 million. 
    * Generation Bio Co's reported EPS for the quarter was a
loss
of 31 cents​.
    * The company reported a quarterly loss of $20.43 million.
    * Generation Bio Co shares had fallen by 13.1% this
quarter and
gained 48.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26% 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 4 "strong buy" or "buy," 3
"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 Generation Bio Co
is $7.50 
This summary was machine generated from LSEG data August 7 at
10:07 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      -0.28          -0.31          Missed
 Mar. 31 2024      -0.41          -1.12          Missed
 Dec. 31 2023      -0.45          -0.53          Missed
 Sep. 30 2023      -0.50          -0.43          Beat