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

Quanterix

08/08/2024 22:22

* Quanterix Corp  QTRX.OQ  reported a quarterly adjusted
loss
of 25 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -16 cents.  The mean expectation of six analysts for the
quarter was for a loss of 27 cents per share. Wall Street
expected results to range from -30 cents to -23 cents per share.
    * Revenue rose 10.8% to $34.38 million from a year ago;
analysts
expected $33.70 million. 
    * Quanterix Corp's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $9.47 million.
    * Quanterix Corp shares had fallen by 4.5% this quarter and
lost 53.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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 5 "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
$24.00 
This summary was machine generated from LSEG data August 8 at
09:22 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
 Jun. 30 2024      -0.27          -0.25          Beat
 Mar. 31 2024      -0.31          -0.26          Beat
 Dec. 31 2023      -0.32          -0.33          Missed
 Sep. 30 2023      -0.37          -0.21          Beat