Quanterix Corp reports results for the quarter ended in January - Earnings Summary

Quanterix

07/05/2024 22:40

* Quanterix Corp  QTRX.OQ  reported a quarterly adjusted
loss
of 26 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of -16 cents.  The mean expectation of four analysts for the
quarter was for a loss of 31 cents per share. Wall Street
expected results to range from -36 cents to -27 cents per share.
    * Revenue rose 12.7% to $32.07 million from a year ago;
analysts
expected $31.62 million. 
    * Quanterix Corp's reported EPS for the quarter was a loss
of 26
cents​.
    * The company reported a quarterly loss of $10.07 million.
    * Quanterix Corp shares had fallen by 28.7% this quarter and
lost 38.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Quanterix Corp is
$30.00 
This summary was machine generated from LSEG data May 7 at 09:39
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
 Mar. 31 2024      -0.31          -0.26          Beat
 Dec. 31 2023      -0.32          -0.33          Missed
 Sep. 30 2023      -0.37          -0.21          Beat
 Jun. 30 2023      -0.38          -0.16          Beat