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 |