Abcellera Biologics Inc reports results for the quarter ended in September 30 - Earnings Summary

• Abcellera Biologics Inc ABCL.OQ reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of nine analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -17 cents to -13 cents per share.

• Revenue fell 1.4% to $6.51 million from a year ago; analysts expected $7.95 million.

• Abcellera Biologics Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $51.11 million.

• Abcellera Biologics Inc shares had risen by 11.2% this quarter and lost 49.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the biotechnology & medical research peer group is also "buy"

Wall Street's median 12-month price target for Abcellera Biologics Inc is 11.00

This summary was machine generated from LSEG data November 5 at 07:58 a.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)