Alpha Teknova Inc reports results for the quarter ended March 31 - Earnings Summary

• Alpha Teknova Inc TKNO.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of four analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -12 cents to -10 cents per share.

• Revenue rose 5.4% to $9.80 million from a year ago; analysts expected $9.37 million.

• Alpha Teknova Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $4.65 million.

• Alpha Teknova Inc shares had risen by 15.4% this quarter and lost 28.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Alpha Teknova Inc is $11.00

This summary was machine generated from LSEG data May 8 at 09:01 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)