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

• Precigen Inc PGEN.OQ reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of two analysts for the quarter was for a loss of 8 cents per share.

• Revenue rose 25.9% to $1.34 million from a year ago; analysts expected $500.00 thousand.

• Precigen Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $54.15 million.

• Precigen Inc shares had fallen by 9.4% this quarter and gained 20.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 50% 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," no "hold" and 1 "sell" or "strong sell."

• Wall Street's median 12-month price target for Precigen Inc is $6.00

This summary was machine generated from LSEG data May 14 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)