Synlogic Inc reports results for the quarter ended in March - Earnings Summary

Synlogic

15/05/2024 14:51

* Synlogic Inc  SYBX.OQ  reported a quarterly adjusted loss
of
$2.60​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-3.45.  The mean expectation of two analysts for the quarter
was for a loss of 82 cents per share. Wall Street expected
results to range from -84 cents to -80 cents per share.
    * Revenue fell 95.4% to $8.00 thousand from a year ago;
analysts
expected zero. 
    * Synlogic Inc's reported EPS for the quarter was a loss of
$2.60​.
    * The company reported a quarterly loss of $31.56 million.
    * Synlogic Inc shares had fallen by 2.2% this quarter and
lost 54.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.9%
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 "hold"
and
the breakdown of recommendations is no "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 Synlogic Inc is
$1.00 
This summary was machine generated from LSEG data May 15 at
01:51 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      -0.82          -2.60          Missed
 Dec. 31 2023      -0.97          -1.71          Missed
 Sep. 30 2023      -2.67          -2.57          Beat
 Jun. 30 2023      -3.55          -3.15          Beat