Guardant Health Inc reports results for the quarter ended in June - Earnings Summary

Guardant Health

07/08/2024 22:54

* Guardant Health Inc  GH.OQ  reported a quarterly adjusted
loss
of 84 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -67 cents.  The mean expectation of twenty two analysts for
the quarter was for a loss of 74 cents per share. Wall Street
expected results to range from -94 cents to -54 cents per share.
    * Revenue rose 29.2% to $177.24 million from a year ago;
analysts
expected $162.70 million. 
    * Guardant Health Inc's reported EPS for the quarter was a
loss
of 84 cents​.
    * The company reported a quarterly loss of $102.63 million.
    * Guardant Health Inc shares had risen by 11.4% this
quarter and
gained 18.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "strong buy" or "buy," 2
"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 Guardant Health
Inc is $40.00 
This summary was machine generated from LSEG data August 7 at
09:54 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
 Jan. 1 0001       -0.74          -0.84          Missed
 Mar. 31 2024      -0.85          -0.94          Missed
 Dec. 31 2023      -0.86          -0.85          Beat
 Sep. 30 2023      -0.94          -0.73          Beat