Ginkgo Bioworks Holdings Inc reports results for the quarter ended in June - Earnings Summary

Ginkgo Bioworks Holdings

09/08/2024 24:26

* Ginkgo Bioworks Holdings Inc  DNA.N  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of five analysts
for the quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -8 cents to -7 cents per share.
    * Revenue fell 30.2% to $56.21 million from a year ago;
analysts
expected $43.14 million. 
    * Ginkgo Bioworks Holdings Inc's reported EPS for the
quarter was
a loss of 11 cents​.
    * The company reported a quarterly loss of $217.18 million.
    * Ginkgo Bioworks Holdings Inc shares had fallen by 17.9%
this
quarter and lost 83.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.5%
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 "sell"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "sell"

Wall Street's median 12-month price target for Ginkgo Bioworks
Holdings Inc is $0.30 
This summary was machine generated from LSEG data August 8 at
11:26 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      -0.08          -0.07          Beat
 Mar. 31 2024      -0.08          -0.08          Met
 Dec. 31 2023      -0.10          -0.11          Missed
 Sep. 30 2023      -0.09          -0.16          Missed