Vericel Corp expected to post earnings of 17 cents a share - Earnings Preview

Vericel

27/02/2024 14:06

* Vericel Corp  VCEL.OQ   VCEL.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The Cambridge Massachusetts-based  company is expected to
report
a 21.3% increase in revenue to $63.934 million from $52.69
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on January 9
2024, for the period ended December 31, was for revenue of
$65.000 million.
    * ​LSEG's mean analyst estimate for Vericel Corp is for
earnings
of 17 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "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
$46.50​, below​ its last closing price of $48.08. ​​​

The company's guidance on January 9 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD19.5 million.The
company's guidance on January 10 2024 for the period ended
December 31 was for gross profit margin of USD70%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  -0.15       -0.15      -0.16     Missed  -4.4​
 Dec. 31 2022  0.04        0.04       0.12      Beat    239
 ​​Sep.        -0.10       -0.10      -0.14     Missed  -37.3
 30 2022                                                
 Jun. 30 2022  -0.12       -0.12      -0.19     Missed  -55.5​
 Mar. 31 2022  -0.10       -0.12      -0.15     Missed  -28.6
 Dec. 31 2021  0.15        0.14       0.09      Missed  -37.2
 This summary was machine generated February 27 at 14:06 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)