Danimer Scientific First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.05-09

Danimer Scientific (NYSE:DNMR) First Quarter 2024 Results Key Financial Results Revenue: US$10.2m (down 14% from 1Q 2023). Net loss: US$27.3m (loss narrowed by 26% from 1Q 2023). US$0.26 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 4.7%. Earnings per share  exceeded analyst estimates by 1.3%.Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in the US.The company's shares are up 7.1% from a week ago.It's necessary to consider the ever-present spectre of investment risk.   We've identified 5 warning signs  with Danimer Scientific , and understanding these should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DNMR":"Danimer Scientific, Inc."},"translate_title":"Danimer Scientific 2024年第一季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DNMR":0.9},"content_text":"Danimer Scientific (NYSE:DNMR) First Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$10.2m (down 14% from 1Q 2023).\nNet loss: US$27.3m (loss narrowed by 26% from 1Q 2023).\nUS$0.26 loss per share (improved from US$0.36 loss in 1Q 2023).\n\n\n\n\n  NYSE:DNMR Earnings and Revenue Growth May 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nDanimer Scientific EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. \n Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in the US. \nPerformance of the American Chemicals industry.\n The company's shares are up 7.1% from a week ago. \nRisk Analysis\n It's necessary to consider the ever-present spectre of investment risk.   We've identified 5 warning signs  with Danimer Scientific (at least 2 which can't be ignored), and understanding these should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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