Editas Medicine Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
10 hours ago
Editas Medicine Inc reports results for the quarter ended December 31 - Earnings Summary
  • Editas Medicine Inc EDIT.OQ reported a quarterly adjusted loss of 55 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -87 cents to 10 cents per share.

  • Revenue fell 49% to $30.60 million from a year ago; analysts expected $32.23 million.

  • Editas Medicine Inc's reported EPS for the quarter was a loss of 55 cents​.

  • The company reported a quarterly loss of $45.4 million.

  • Editas Medicine Inc shares had risen by 38.6% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 14.4% 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 4 "strong buy" or "buy," 9 "hold" and 2 "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 Editas Medicine Inc is $3.50

This summary was machine generated from LSEG data March 5 at 11:25 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

Dec. 31 2024

-0.36

-0.55

Missed

Sep. 30 2024

-0.75

-0.75

Met

Jun. 30 2024

-0.70

-0.82

Missed

Mar. 31 2024

-0.66

-0.76

Missed

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