Geron Earnings: Here’s Why Investors are Buying Shares Now
Geron Corporation (NASDAQ:GERN) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.81%.
Geron Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.07 in the quarter versus EPS of $-0.14 in the year-earlier quarter.
Revenue: Decreased 15.38% to $110,000 from the year-earlier quarter.
Actual vs. Wall St. Expectations: Geron Corporation reported adjusted EPS loss of $0.07 per share. By that measure, the company missed the mean analyst estimate of $-0.07. It beat the average revenue estimate of $0.
Key Stats (on next page)…
Revenue decreased 85.71% from $770,000 in the previous quarter. EPS decreased to $-0.07 in the quarter versus EPS of $-0.09 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.07 and has not changed. For the current year, the average estimate is a loss of $0.3, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)