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Sangamo Therapeutics Inc reports results for the quarter ended in June - Earnings Summary
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Sangamo Therapeutics Inc reports results for the quarter ended in June - Earnings Summary
  • Sangamo Therapeutics Inc SGMO.OQ reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -66 cents. The mean expectation of seven analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -20 cents to -8 cents per share.

  • Revenue fell 94.8% to $356.00 thousand from a year ago; analysts expected $8.26 million.

  • Sangamo Therapeutics Inc's reported EPS for the quarter was a loss of 18 cents​.

  • The company reported a quarterly loss of $36.13 million.

  • Sangamo Therapeutics Inc shares had risen by 114.3% this quarter and gained 41.3% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​

  • In the last 30 days, there have been 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 4 "strong buy" or "buy," 4 "hold" and "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 Sangamo Therapeutics Inc is $3.00

This summary was machine generated from LSEG data August 6 at 10:01 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

Jun. 30 2024

-0.15

-0.18

Missed

Mar. 31 2024

-0.21

-0.27

Missed

Dec. 31 2023

-0.26

-0.34

Missed

Sep. 30 2023

-0.32

-0.59

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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