Precigen Inc reports results for the quarter ended in December - Earnings Summary

Precigen

19/03/2024 21:02

* Precigen Inc  PGEN.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in December, 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 8 cents per share. Wall Street expected
results to range from -8 cents to -7 cents per share.
    * Revenue fell 30.3% to $1.23 million from a year ago;
analysts
expected $1.70 million. 
    * Precigen Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $33.06 million.
    * Precigen Inc shares had risen by 3.7% this quarter.

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 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Precigen
Inc is
$7.00 

This summary was machine generated from LSEG data March 19 at
09:01 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
 Dec. 31 2023      -0.08          -0.13          Missed
 Sep. 30 2023      -0.08          -0.08          Met
 Jun. 30 2023      -0.10          -0.08          Beat
 Mar. 31 2023      -0.09          -0.10          Missed