Vericel Corp expected to post a loss of 8 cents a share - Earnings Preview

Vericel

30/07/2024 19:34

* Vericel Corp  VCEL.OQ   VCEL.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Cambridge Massachusetts-based  company is expected to
report
a 14.5% increase in revenue to $52.586 million from $45.92
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Vericel Corp is for a
loss
of 8 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 7 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Vericel
Corp is
$55.00​, above​ its last closing price of $51.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.11       -0.11      -0.08     Beat    27.2
 Dec. 31 2024  0.16        0.17       0.26      Beat    52.6
 Sep. 30 2023  -0.12       -0.12      -0.08     Beat    34.5​
 Jun. 30 2023  -0.15       -0.15      -0.11     Beat    27.5
 ​​Mar.        -0.15       -0.15      -0.16     Missed  -4.4
 31 2023                                                
 Dec. 31 2022  0.04        0.04       0.12      Beat    239​
 Sep. 30 2022  -0.10       -0.10      -0.14     Missed  -37.3
 Jun. 30 2022  -0.12       -0.12      -0.19     Missed  -55.5
 This summary was machine generated July 30 at 18:34 GMT.  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)