LumiraDx Limited (NASDAQ:LMDX) Expected to Announce Earnings of -$0.08 Per Share

Wall Street analysts expect that LumiraDx Limited (NASDAQ:LMDX) will report earnings of ($0.08) per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for LumiraDx’s earnings. The company is expected to report its next earnings report on Wednesday, February 9th.

According to Zacks, analysts expect that LumiraDx will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.02) to $0.28. For the next financial year, analysts expect that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.40) to ($0.39). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow LumiraDx.

LumiraDx (NASDAQ:LMDX) last announced its earnings results on Wednesday, November 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.05. The firm had revenue of $109.08 million during the quarter, compared to analyst estimates of $100.84 million.

LMDX has been the subject of a number of research analyst reports. Raymond James initiated coverage on LumiraDx in a research report on Monday, October 25th. They issued an “outperform” rating for the company. Zacks Investment Research raised LumiraDx from a “sell” rating to a “hold” rating in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $12.00 price objective on shares of LumiraDx in a research report on Friday, November 12th. Finally, Evercore ISI began coverage on LumiraDx in a research report on Monday, November 15th. They set an “outperform” rating and a $20.00 price objective for the company.

Shares of NASDAQ LMDX opened at $9.41 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.56 and a debt-to-equity ratio of 1.66. LumiraDx has a 52-week low of $7.15 and a 52-week high of $11.09. The firm has a 50-day moving average price of $9.19.

A number of institutional investors have recently bought and sold shares of LMDX. Citadel Advisors LLC acquired a new stake in shares of LumiraDx in the 3rd quarter valued at approximately $317,000. Jane Street Group LLC acquired a new stake in shares of LumiraDx in the 3rd quarter valued at approximately $224,000. Geode Capital Management LLC acquired a new stake in shares of LumiraDx in the 3rd quarter valued at approximately $205,000. Morgan Stanley acquired a new stake in shares of LumiraDx in the 3rd quarter valued at approximately $75,000. Finally, UBS Group AG acquired a new stake in shares of LumiraDx in the 3rd quarter valued at approximately $29,000.

LumiraDx Company Profile

LumiraDx Limited is a point of care diagnostics company. Its testing solutions are being deployed by governments and leading healthcare institutions across laboratories, urgent care, physician offices, pharmacies, schools and workplaces to screen, diagnose, and monitor wellness as well as disease. LumiraDx Limited, formerly known as CA Healthcare Acquisition Corp., is based in BOSTON.

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