OmniAb Inc expected to post a loss of 16 cents a share - Earnings Preview

OmniAB

08/05/2024 01:45

* OmniAb Inc  OABI.OQ   OABI.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Emeryville California-based  company is expected to
report a
65.3% decrease in revenue to $5.868 million from $16.92 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for OmniAb Inc is for a loss
of 16
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for OmniAb Inc
is
$10.00​, above​ its last closing price of $4.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.19       -0.15      -0.14     Beat    7.7
 Sep. 30 2023  -0.15       -0.14      -0.16     Missed  -13.7
 Jun. 30 2023  -0.13       -0.12      -0.15     Missed  -25.1​
 Jan. 1 0001   -0.06       -0.03      -0.08     Missed  -154.5
 ​​Dec.        -0.01       0.02       0.07      Beat    250
 31 2022                                                
                                                        ​
 This summary was machine generated May 8 at 00:45 GMT.  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)