Veracyte Inc expected to post a loss of 13 cents a share - Earnings Preview

Veracyte

03/05/2023 03:04

* Veracyte Inc  VCYT.OQ   VCYT.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 4. 
    * The South San Francisco California-based  company is
expected to
report  a 11.8% increase in revenue to $75.808 million from
$67.78 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Veracyte Inc is for
a
loss of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Veracyte
Inc is
$34​, above​ its last closing price of $20.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.15       -0.15      -0.05     Beat    67
 Sep. 30 2022  -0.24       -0.25      -0.12     Beat    51.7
 Jun. 30 2022  -0.22       -0.22      -0.13     Beat    40.5​
 Mar. 31 2022  -0.24       -0.24      -0.20     Beat    15.9
 ​​Dec.        -0.18       -0.16      -0.15     Beat    6.9
 31 2021                                                
 Sep. 30 2021  -0.17       -0.16      -0.20     Missed  -21.2​
 Jun. 30 2021  -0.25       -0.25      -0.13     Beat    48.4
 Mar. 31 2021  -0.12       -0.12      -0.11     Beat    8.3
 This summary was machine generated May 3 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated