Guardant Health Inc reports results for the quarter ended in September 30 - Earnings Summary

Guardant Health

07/11/2024 04:13

* Guardant Health Inc  GH.OQ  reported a quarterly adjusted
loss
of 88 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -73 cents.  The mean expectation of twenty three analysts
for the quarter was for a loss of 74 cents per share. Wall
Street expected results to range from -89 cents to -50 cents per
share.
    * Revenue rose 33.9% to $191.48 million from a year ago;
analysts
expected $170.63 million. 
    * Guardant Health Inc's reported EPS for the quarter was a
loss
of 88 cents​.
    * The company reported a quarterly loss of $107.75 million.
    * Guardant Health Inc shares had risen by 2.5% this
quarter and
lost 13.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Guardant Health
Inc is 42.00 
This summary was machine generated from LSEG data November 7 at
04:13 a.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          -0.88          Missed
 Jun. 30 2024      -0.74          -0.84          Missed
 Mar. 31 2024      -0.85          -0.94          Missed
 Dec. 31 2023      -0.86          -0.85          Beat