Olink Holding AB (publ) reports results for the quarter ended in March - Earnings Summary

Olink Holding AB (publ)

13/05/2024 14:32

* Olink Holding AB (publ)  OLK.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -11 cents.  The mean expectation of five analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -22 cents to -11 cents per share.
    * Revenue rose 4.7% to $28.75 million from a year ago;
analysts
expected $30.22 million. 
    * Olink Holding AB (publ)'s reported EPS for the quarter was
a
loss of 13 cents​.
    * The company reported a quarterly loss of $16.06 million.
    * Olink Holding AB (publ) shares had fallen by 0.8% this
quarter and lost 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 76.9%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the office
equipment
peer group is also "hold"

Wall Street's median 12-month price target for Olink Holding AB
(publ) is $26.00 
This summary was machine generated from LSEG data May 13 at
01:31 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
 Mar. 31 2024      -0.15          -0.13          Beat
 Dec. 31 2023      0.15           -0.06          Missed
 Sep. 30 2023      -0.08          -0.01          Beat
 Jun. 30 2023      -0.10          -0.07          Beat