Surrozen Inc reports results for the quarter ended in September 30 - Earnings Summary

Surrozen

06/11/2024 23:19

* Surrozen Inc  SRZN.OQ  reported a quarterly adjusted loss
of 44
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-5.10.  The mean expectation of two analysts for the quarter
was for a loss of $2.46 per share. Wall Street expected
results to range from $-2.77 to $-2.16 per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Surrozen Inc's reported EPS for the quarter was a loss
of 44
cents​.
    * The company reported a quarterly loss of $1.43 million.
    * Surrozen Inc shares had fallen by 8.7% this quarter and
gained 16.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% 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 also "buy"

Wall Street's median 12-month price target for Surrozen Inc is
33.00 
This summary was machine generated from LSEG data November 6 at
11:19 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
 Sep. 30 2024      -2.46          -0.44          Beat
 Jun. 30 2024      -2.79          -1.54          Beat
 Mar. 31 2024      -4.25          -4.24          Beat
 Dec. 31 2023      -3.00          -4.41          Missed