Singular Genomics Systems Inc reports results for the quarter ended in December - Earnings Summary

Singular Genomics Systems

18/03/2024 21:02

* Singular Genomics Systems Inc  OMIC.OQ  reported a
quarterly
adjusted loss of 32 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -29 cents.  The mean expectation of
three analysts for the quarter was for a loss of 34 cents per
share. Wall Street expected results to range from -44 cents
to -29 cents per share.
    * Revenue rose 41.3% to $1.08 million from a year ago;
analysts
expected $731.33 thousand. 
    * Singular Genomics Systems Inc's reported EPS for the
quarter was
a loss of 32 cents​.
    * The company reported a quarterly loss of $23.25 million.
    * Singular Genomics Systems Inc shares had risen by 8.7%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "hold"

Wall Street's median 12-month price target for Singular Genomics
Systems Inc is $0.63 
This summary was machine generated from LSEG data March 18 at
09:01 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      -0.34          -0.32          Beat
 Sep. 30 2023      -0.38          -0.31          Beat
 Jun. 30 2023      -0.37          -0.35          Beat
 Mar. 31 2023      -0.35          -0.33          Beat