Quanterix Corp expected to post a loss of 32 cents a share - Earnings Preview

Quanterix

23/02/2024 15:07

* Quanterix Corp  QTRX.OQ   QTRX.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Billerica Massachusetts-based  company is expected to
report
a 15.6% increase in revenue to $29.841 million from $25.82
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on November
7 2023, for the period ended December 31, was for revenue
between $27.00 million and $29.00 million.
    * ​LSEG's mean analyst estimate for Quanterix Corp is for a
loss
of 32 cents per share. 
    * 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."  
    * 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
$32.00​, above​ its last closing price of $25.51. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for gross profit margin between USD44% and
USD46%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.39       -0.37      -0.21     Beat    43.2
 Jun. 30 2023  -0.35       -0.38      -0.16     Beat    57.6
 Mar. 31 2023  -0.38       -0.38      -0.16     Beat    58.2​
 Dec. 31 2022  -0.48       -0.47      -0.50     Missed  -7
 ​​Sep.        -0.43       -0.42      -0.95     Missed  -126.2
 30 2022                                                
 Jun. 30 2022  -0.48       -0.48      -0.67     Missed  -38.1​
 Mar. 31 2022  -0.61       -0.61      -0.49     Beat    19.4
 Dec. 31 2021  -0.65       -0.66      -0.55     Beat    16.5
 This summary was machine generated February 23 at 15:07 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)