Cerus's Earnings: A Preview

Cerus (NASDAQ:CERS) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Cerus to report an earnings per share (EPS) of $-0.03.

Anticipation surrounds Cerus's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.01, leading to a 14.95% increase in the share price the following trading session.

Here's a look at Cerus's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.04

-0.05

-0.02

-0.05

EPS Actual

-0.03

-0.05

-0.01

-0.04

Price Change %

15.0%

-8.0%

22.0%

9.0%

Insights Shared by Analysts on Cerus

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Cerus.

Cerus has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $3.0, the consensus suggests a potential 74.42% upside.

Analyzing Analyst Ratings Among Peers

This comparison focuses on the analyst ratings and average 1-year price targets of OraSure Technologies, Rockwell Medical and TELA Bio, three major players in the ...