Harvard Bioscience Inc <HBIO.OQ> expected to post earnings of 5 cents a share - Earnings Preview
Harvard Bioscience Inc HBIO.OQ HBIO.O is expected to show a fall in quarterly revenue when it reports results on March 12 for the period ending December 31 2024
The Holliston Massachusetts-based company is expected to report a 14.2% decrease in revenue to $24.15 million from $28.15 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between $23.00 million and $26.00 million.
LSEG's mean analyst estimate for Harvard Bioscience Inc is for earnings of 5 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Harvard Bioscience Inc is $6.25, above its last closing price of $0.82.
The company's guidance on November 7 2024 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD23 million and USD4.16 million.The company's guidance on November 7 2024 for the period ended December 31 was for gross profit margin between USD59% and USD60%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.02 | 0.03 | -0.02 | Missed | -175 |
Jun. 30 2024 | 0.03 | 0.05 | 0.00 | Missed | -100 |
Mar. 31 2024 | 0.02 | 0.02 | 0.02 | Met | -14.3 |
Dec. 31 2023 | 0.05 | 0.05 | 0.04 | Missed | -20 |
Sep. 30 2023 | 0.04 | 0.04 | 0.01 | Missed | -75 |
Jun. 30 2023 | 0.07 | 0.06 | 0.04 | Missed | -36.8 |
Mar. 31 2023 | 0.05 | 0.05 | 0.06 | Beat | 20 |
Dec. 31 2022 | 0.08 | 0.03 | 0.04 | Beat | 20 |
This summary was machine generated March 10 at 12:56 GMT. 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)
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