Danimer Scientific Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters
19 Nov 2024

* Danimer Scientific Inc reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-15.60. The mean expectation of three analysts for the quarter was for a loss of $8.13 per share. Wall Street expected results to range from $-8.40 to $-7.60 per share.

* Revenue fell 21.2% to $8.63 million from a year ago; analysts expected $8.58 million.

* Danimer Scientific Inc's reported EPS for the quarter was a loss of 18 cents​.

* The company reported a quarterly loss of $21.84 million.

* Danimer Scientific Inc shares had fallen by 55.7% this quarter and lost 80.3% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts was unchanged in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the commodity chemicals peer group is also "hold"

Wall Street's median 12-month price target for Danimer Scientific Inc is $40.00 This summary was machine generated from LSEG data November 19 at 02:31 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

Sep. 30 2024 -8.13 -0.12 Beat

Jun. 30 2024 -9.20 -7.60 Beat

Mar. 31 2024 -10.47 -10.40 Beat

Dec. 31 2023 -15.32 -15.60 Missed

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