Immunoprecise Antibodies Ltd reports results for the quarter ended in April - Earnings Summary

Mindwalk Holdings

29/07/2024 16:52

* Immunoprecise Antibodies Ltd  IPA.OQ  reported a quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
April, higher than the same quarter last year, when the company
reported EPS of -21 cents.  The mean expectation of two analysts
for the quarter was for a loss of 11 cents per share. Wall
Street expected results to range from -13 cents to -10 cents per
share.
    * Revenue rose 15.3% to C$6.46 million from a year ago;
analysts
expected $6.53 million. 
    * Immunoprecise Antibodies Ltd's reported EPS for the
quarter was
a loss of 70 cents​.
    * The company reported a quarterly loss of C$18.05 million.
    * Immunoprecise Antibodies Ltd shares had fallen by 14.9%
this
quarter and lost 49.7% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Immunoprecise
Antibodies Ltd is $7.00 
This summary was machine generated from LSEG data July 29 at
03:52 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
 Apr. 30 2024      -0.11          -0.11          Met
 Jan. 31 2024      -0.10          -0.11          Missed
 Oct. 31 2023      -0.13          -0.10          Beat
 Jul. 31 2023      -0.20          -0.14          Beat