Q32 Bio Inc reports results for the quarter ended June 30 - Earnings Summary

• Q32 Bio Inc QTTB.OQ reported a quarterly adjusted loss of 78 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.42. The mean expectation of four analysts for the quarter was for a loss of 98 cents per share. Wall Street expected results to range from $-1.14 to -82 cents per share.

• Reported revenue was zero​; analysts expected zero.

• Q32 Bio Inc's reported EPS for the quarter was a loss of 78 cents​.

• The company reported a quarterly loss of $9.49 million.

• Q32 Bio Inc shares had risen by 32.9% this quarter and lost 42.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.9% 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 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is also "buy"

• Wall Street's median 12-month price target for Q32 Bio Inc is $8.00, about 75.3% above its last closing price of $1.98

This summary was machine generated from LSEG data August 6 at 01:32 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)