Vericel Corp reports results for the quarter ended in September 30 - Earnings Summary
Vericel Corp VCEL.OQ reported a quarterly adjusted loss of 2 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of seven analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -8 cents to -2 cents per share.
Revenue rose 27% to $57.91 million from a year ago; analysts expected $55.20 million.
Vericel Corp's reported EPS for the quarter was a loss of 2 cents.
The company reported a quarterly loss of $901 thousand.
Vericel Corp shares had risen by 13.7% this quarter and gained 34.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 8.1% 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 "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the pharmaceuticals peer group is also "buy"
Wall Street's median 12-month price target for Vericel Corp is 57.00
This summary was machine generated from LSEG data November 7 at 03:07 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 |
Jan. 1 0001 | -0.05 | -0.02 | Beat |
Jun. 30 2024 | -0.08 | -0.10 | Missed |
Mar. 31 2024 | -0.11 | -0.08 | Beat |
Dec. 31 2023 | 0.17 | 0.26 | Beat |
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