Absci CorpQ) expected to post a loss of 24 cents a share - Earnings Preview
Absci CorpQ) is anticipated to report a loss of 24 cents per share, despite a projected 426% increase in quarterly revenue to $1.778 million for the period ending December 31, 2024. Analysts maintain a "buy" rating, with a median 12-month price target of $9.00, significantly above its last closing price of $2.90. The earnings estimates have remained unchanged over the past three months, with previous quarterly performances showing mixed results against estimates.
Absci Corp (ABSI.OQ) (ABSI.O) is expected to show a rise in quarterly revenue when it reports results on March 18 for the period ending December 31 2024
The Vancouver Washington Washington-based company is expected to report a 426.0% increase in revenue to $1.778 million from $338 thousand a year ago, according to the mean estimate from 8 analysts, based on LSEG data.
LSEG’s mean analyst estimate for Absci Corp is for a loss of 24 cents per share.
The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 9 “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 Absci Corp is $9.00, above its last closing price of $2.90. 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 2024 -0.22 -0.21 -0.24 Missed -15.4
Jun. 30 2024 -0.19 -0.19 -0.22 Missed -12.8
Mar. 31 2024 -0.22 -0.21 -0.22 Missed -3.8
Dec. 31 2023 -0.26 -0.25 -0.25 Met -3.3
Sep. -0.23 -0.23 -0.24 Missed -4.3
30 2023
Jun. 30 2023 -0.24 -0.24 -0.45 Missed -84.4
Mar. 31 2023 -0.24 -0.24 -0.26 Missed -9.9
Dec. 31 2022 -0.25 -0.21 Beat 16.4
This summary was machine generated March 14 at 20:36 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)
