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

Singular Genomics Systems

14/05/2024 23:44

* Singular Genomics Systems Inc  OMIC.OQ  reported a
quarterly
adjusted loss of 34 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -33 cents.  The mean expectation of two analysts
for the quarter was for a loss of 35 cents per share. 
    * Revenue fell 48.8% to $442.00 thousand from a year ago;
analysts
expected $394.00 thousand. 
    * Singular Genomics Systems Inc's reported EPS for the
quarter was
a loss of 34 cents​.
    * The company reported a quarterly loss of $25.02 million.
    * Singular Genomics Systems Inc shares had fallen by 16.8%
this
quarter and lost 7.0% so far this year.

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

Wall Street's median 12-month price target for Singular Genomics
Systems Inc is $0.85 
This summary was machine generated from LSEG data May 14 at
10:44 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
 Mar. 31 2024      -0.35          -0.34          Beat
 Dec. 31 2023      -0.34          -0.32          Beat
 Sep. 30 2023      -0.38          -0.31          Beat
 Jun. 30 2023      -0.37          -0.35          Beat