Rapid Micro Biosystems Inc reports results for the quarter ended in December - Earnings Summary

Rapid Micro Biosystems

01/03/2024 14:31

* Rapid Micro Biosystems Inc  RPID.OQ  reported a quarterly
adjusted loss of 26 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -39 cents.  The mean expectation of
three analysts for the quarter was for a loss of 30 cents per
share. Wall Street expected results to range from -31 cents
to -29 cents per share.
    * Revenue rose 44.9% to $6.34 million from a year ago;
analysts
expected $6.15 million. 
    * Rapid Micro Biosystems Inc's reported EPS for the quarter
was a
loss of 26 cents​.
    * The company reported a quarterly loss of $11.17 million.
    * Rapid Micro Biosystems Inc shares had risen by 48.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Rapid Micro
Biosystems Inc is $5.25 
This summary was machine generated from LSEG data March 1 at
02:31 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
 Dec. 31 2023      -0.30          -0.26          Beat
 Sep. 30 2023      -0.31          -0.31          Met
 Jun. 30 2023      -0.35          -0.33          Beat
 Mar. 31 2023      -0.36          -0.32          Beat