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

Precigen

09/08/2023 14:53

* Precigen Inc  PGEN.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue fell 39.3% to $1.77 million from a year ago;
analysts
expected $2.18 million. 
    * Precigen Inc's reported EPS for the quarter was a loss
of 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Precigen Inc shares had risen by 0.9% this quarter and
lost 23.7% so far this year.
    * The company reported a quarterly loss of $20.32 million.
    * Wall Street's median 12-month price target for Precigen
Inc is
$8.15 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.10          -0.08          Beat
 Mar. 31 2023      -0.09          -0.10          Missed
 Dec. 31 2022      -0.10          -0.11          Missed
 Sep. 30 2022      0.02           -0.04          Missed