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

Rapid Micro Biosystems

02/08/2024 15:21

* Rapid Micro Biosystems Inc  RPID.OQ  reported a quarterly
adjusted loss of 29 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -33 cents.  The mean expectation of
three analysts for the quarter was for a loss of 28 cents per
share. Wall Street expected results to range from -28 cents
to -27 cents per share.
    * Revenue rose 32.3% to $6.62 million from a year ago;
analysts
expected $6.00 million. 
    * Rapid Micro Biosystems Inc's reported EPS for the quarter
was a
loss of 29 cents​.
    * The company reported a quarterly loss of $12.58 million.
    * Rapid Micro Biosystems Inc shares had risen by 2.7% this
quarter and lost 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 $4.75 
This summary was machine generated from LSEG data August 2 at
02:21 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      -0.28          -0.29          Missed
 Mar. 31 2024      -0.29          -0.31          Missed
 Dec. 31 2023      -0.30          -0.26          Beat
 Sep. 30 2023      -0.31          -0.31          Met