Cerus First Quarter 2024 Earnings: EPS Misses Expectations

Cerus (NASDAQ:CERS) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$38.4m (up 24% from 1Q 2023).

  • Net loss: US$9.69m (loss narrowed by 38% from 1Q 2023).

  • US$0.053 loss per share (improved from US$0.088 loss in 1Q 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Cerus EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company’s shares are down 5.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Cerus that you need to take into consideration.

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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. Simply Wall St has no position in any stocks mentioned.

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