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Cibus Reports Q1 Loss, Tops Revenue Estimates

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Cibus (NASDAQ: CBUS) came out with a quarterly loss of $1.12 per share versus the Zacks Consensus Estimate of a loss of $1.01. This compares to loss of $5.45 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -10.89%. A quarter ago, it was expected that this developer and licensor of plant traits for seed companies would post a loss of $1.12 per share when it actually produced a loss of $1.16, delivering a surprise of -3.57%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Cibus, which belongs to the Zacks Agriculture – Operations industry, posted revenues of $0.55 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 36.25%. This compares to year-ago revenues of $0.04 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend …

Full story available on Benzinga.com

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