* Danimer Scientific Inc reported a quarterly adjusted loss of 39 cents per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of four analysts for the quarter was for a loss of 38 cents per share. Wall Street expected results to range from -40 cents to -37 cents per share.
* Revenue fell 28.6% to $10.95 million from a year ago; analysts expected $11.33 million.
* Danimer Scientific Inc's reported EPS for the quarter was a loss of 39 cents.
* The company reported a quarterly loss of $39.43 million.
* Danimer Scientific Inc shares had risen by 10.8% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for Danimer Scientific Inc is $2.75
This summary was machine generated from LSEG data March 28 at 09:02 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 2023 -0.38 -0.39 Missed
Sep. 30 2023 -0.34 -0.39 Missed
Jun. 30 2023 -0.36 -0.38 Missed
Mar. 31 2023 -0.38 -0.36 Beat
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