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

Rapid Micro Biosystems

03/11/2023 20:31

* Rapid Micro Biosystems Inc  RPID.OQ  reported a quarterly
adjusted loss of 31 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -38 cents.  The mean expectation of
three analysts for the quarter was for a loss of 31 cents per
share. Wall Street expected results to range from -32 cents
to -28 cents per share.
    * Revenue rose 29.7% to $6.15 million from a year ago;
analysts
expected $5.55 million. 
    * Rapid Micro Biosystems Inc's reported EPS for the quarter
was a
loss of 31 cents​.
    * The company reported a quarterly loss of $13.39 million.
    * Rapid Micro Biosystems Inc shares had fallen by 6.0% this
quarter and lost 10.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $5.88 
This summary was machine generated from LSEG data November 3 at
08:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.31          -0.31          Met
 Jun. 30 2023      -0.35          -0.33          Beat
 Mar. 31 2023      -0.36          -0.32          Beat
 Dec. 31 2022      -0.36          -0.39          Missed