Quantum-Si (QSI) to Release Earnings on Wednesday

Quantum-Si (NASDAQ:QSI) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Quantum-Si has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Quantum-Si (NASDAQ:QSI) last released its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.09. The firm had revenue of $0.46 million during the quarter, compared to the consensus estimate of $0.45 million. Quantum-Si had a negative net margin of 7,145.76% and a negative return on equity of 31.50%. During the same period in the previous year, the firm earned ($0.17) earnings per share. On average, analysts expect Quantum-Si to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Quantum-Si Stock Down 6.5 %

Shares of QSI opened at $0.83 on Tuesday. Quantum-Si has a fifty-two week low of $0.73 and a fifty-two week high of $2.79. The company’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.54. The firm has a market cap of $117.58 million, a PE ratio of -1.28 and a beta of 2.89.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Quantum-Si in a research note on Friday, May 10th.

About Quantum-Si

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.