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Market Impact: 0.34

Precision BioSciences (DTIL) Reports Q1 Loss, Tops Revenue Estimates

DTIL
Corporate EarningsHealthcare & BiotechCompany FundamentalsAnalyst Estimates

Precision BioSciences reported a quarterly loss of $0.34 per share, wider than the Zacks Consensus Estimate loss of $0.27 per share. The result was still a major improvement from the $2.21 per-share loss a year ago, but it missed expectations by $0.07 per share. The update is modestly negative for the stock and likely to be market-relevant at the individual company level.

Analysis

Precision BioSciences reported a quarterly loss of $0.34 per share, wider than the Zacks Consensus Estimate loss of $0.27 per share. The result was still a major improvement from the $2.21 per-share loss a year ago, but it missed expectations by $0.07 per share. The update is modestly negative for the stock and likely to be market-relevant at the individual company level.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.28

Ticker Sentiment

DTIL-0.28