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

Singular Genomics Systems

13/08/2024 22:57

* Singular Genomics Systems Inc  OMIC.OQ  reported a
quarterly
adjusted loss of $8.57​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-10.50.  The mean expectation of two analysts
for the quarter was for a loss of $8.86 per share. Wall Street
expected results to range from $-8.95 to $-8.77 per share.
    * Revenue rose 45.9% to $737.00 thousand from a year ago;
analysts
expected $400.00 thousand. 
    * Singular Genomics Systems Inc's reported EPS for the
quarter was
a loss of $8.57​.
    * The company reported a quarterly loss of $21.25 million.
    * Singular Genomics Systems Inc shares had fallen by 15.7%
this
quarter and lost 48.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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

Wall Street's median 12-month price target for Singular Genomics
Systems Inc is $6.50 
This summary was machine generated from LSEG data August 13 at
09:57 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      -8.86          -8.57          Beat
 Mar. 31 2024      -10.50         -10.20         Beat
 Dec. 31 2023      -10.30         -9.60          Beat
 Sep. 30 2023      -11.40         -9.30          Beat