Key Highlights:
- Seer Inc. (NASDAQ: SEER) is set to report Q4 2024 earnings on February 27.
- Analysts expect an 11.0% year-over-year revenue decline to $3.95 million.
- Projected net loss per share is $0.39.
- Analyst sentiment remains “hold,” with a median price target of $3.00.
Seer Inc. Faces Revenue Decline in Q4 2024
Seer Inc., the Redwood City, California-based life sciences company, is anticipated to report a quarterly revenue of $3.95 million for Q4 2024, marking an 11.0% drop from $4.44 million in the same period last year. According to data from LSEG, the company is expected to post a net loss of $0.39 per share.
Analyst Expectations and Stock Performance
Wall Street analysts have maintained a “hold” rating on Seer Inc., with the breakdown of recommendations as follows:
- 1 Strong Buy/Buy
- 2 Hold
- 0 Sell/Strong Sell
Seer Inc.’s median 12-month price target stands at $3.00, representing a significant upside from its last closing price of $2.23.
Earnings Track Record: Mixed Performance
Seer Inc.’s past earnings reports have shown a pattern of fluctuations, with both beats and misses against analyst expectations. Below is a breakdown of the company’s recent quarterly earnings performance:
| Quarter Ending | StarMine SmartEstimate | LSEG IBES Estimate | Actual EPS | Beat/Miss | Surprise % |
|---|---|---|---|---|---|
| Sep. 30, 2024 | -0.30 | -0.31 | -0.35 | Missed | -12.9% |
| Jun. 30, 2024 | -0.36 | -0.36 | -0.35 | Beat | 2.8% |
| Mar. 31, 2024 | -0.30 | -0.30 | -0.32 | Missed | -6.7% |
| Dec. 31, 2023 | -0.36 | -0.37 | -0.28 | Beat | 24.3% |
| Sep. 30, 2023 | -0.43 | -0.40 | -0.33 | Beat | 17.5% |
| Jun. 30, 2023 | -0.40 | -0.39 | -0.37 | Beat | 6.3% |
| Mar. 31, 2023 | -0.38 | -0.38 | -0.38 | Met | 0.7% |
| Dec. 31, 2022 | -0.42 | -0.43 | -0.36 | Beat | N/A |
What to Watch for in Seer Inc.’s Q4 Report
Investors will be closely monitoring Seer Inc.’s earnings call for insights into revenue trends, operational cost controls, and any strategic initiatives to drive future growth. The company’s ability to meet or exceed Wall Street expectations will be a key factor influencing its stock movement post-earnings.
Stay tuned for Seer Inc.’s official Q4 2024 earnings release on February 27.
