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

Reuters
13 May
Editas Medicine Inc reports results for the quarter ended March 31 - Earnings Summary
  • Editas Medicine Inc EDIT.OQ reported a quarterly adjusted loss of 92 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -76 cents. The mean expectation of eleven analysts for the quarter was for a loss of 59 cents per share. Wall Street expected results to range from -84 cents to -41 cents per share.

  • Revenue rose 310.4% to $4.66 million from a year ago; analysts expected $706.00 thousand.

  • Editas Medicine Inc's reported EPS for the quarter was a loss of 92 cents​.

  • The company reported a quarterly loss of $76.09 million.

  • Editas Medicine Inc shares had risen by 25.0% this quarter and gained 14.2% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 14.6% 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 "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the biotechnology & medical research peer group is also "hold"

  • Wall Street's median 12-month price target for Editas Medicine Inc is $3.50

This summary was machine generated from LSEG data May 12 at 09:37 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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Mar. 31 2025

-0.59

-0.92

Missed

Dec. 31 2024

-0.36

-0.55

Missed

Sep. 30 2024

-0.75

-0.75

Met

Jun. 30 2024

-0.70

-0.82

Missed

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