Societal CDMO Inc reports results for the quarter ended in June - Earnings Summary

Societal CDMO

14/08/2023 22:26

* Societal CDMO Inc  SCTL.OQ  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss of 3
cents per share.
    * Revenue fell 5.8% to $21.80 million from a year ago;
analysts
expected $21.95 million. 
    * Societal CDMO Inc's reported EPS for the quarter was a
loss of 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Societal CDMO Inc shares had fallen by 28.4% this
quarter and
lost 47.1% so far this year.
    * The company reported a quarterly loss of $3.21 million.
    * Wall Street's median 12-month price target for Societal
CDMO Inc
is $2.25 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 09:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.03          -0.04          Missed
 Mar. 31 2023      -0.05          -0.06          Missed
 Dec. 31 2022      -0.07          -0.07          Met
 Sep. 30 2022      -0.06          -0.06          Met