Quanterix Corp expected to post a loss of 26 cents a share - Earnings Preview

Quanterix

02/08/2024 14:11

* Quanterix Corp  QTRX.OQ   QTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Billerica Massachusetts-based  company is expected to
report
a 8.6% increase in revenue to $33.701 million from $31.03
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Quanterix Corp is for a
loss
of 26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 Quanterix
Corp is
$24.00​, above​ its last closing price of $14.05. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for gross profit margin between 45% and 47%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.32       -0.31      -0.26     Beat    17.5
 Dec. 31 2024  -0.29       -0.32      -0.33     Missed  -3.8
 Jan. 1 0001   -0.39       -0.37      -0.21     Beat    43.2​
 Jun. 30 2023  -0.35       -0.38      -0.16     Beat    57.6
 ​​Mar.        -0.38       -0.38      -0.16     Beat    58.2
 31 2023                                                
 Dec. 31 2022  -0.48       -0.47      -0.50     Missed  -7​
 Sep. 30 2022  -0.43       -0.48      -0.95     Missed  -126.2
 Jun. 30 2022  -0.48       -0.48      -0.67     Missed  -38.1
 This summary was machine generated August 2 at 13:11 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)