Sangamo: Q1 Earnings Snapshot
RICHMOND, Calif. — RICHMOND, Calif. — Sangamo Therapeutics Inc. (SGMO) on Monday reported a loss of $30.6 million in its first quarter.
The Richmond, California-based company said it had a loss of 14 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
16 minutes ago
- Washington Post
Big changes are being proposed for a US food aid program. Here's a breakdown by the numbers
TPresident Donald Trump's plan to cut taxes by trillions of dollars could also trim billions in spending from social safety net programs, including food aid for lower-income people . The proposed changes to the Supplemental Nutrition Assistance Program would make states pick up more of the costs, require several million more recipients to work or lose their benefits, and potentially reduce the amount of food aid people receive in the future.
Yahoo
26 minutes ago
- Yahoo
New Gold (NGD) Stock Declines While Market Improves: Some Information for Investors
In the latest market close, New Gold (NGD) reached $4.76, with a -2.06% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.63%. Shares of the gold mining company witnessed a gain of 27.56% over the previous month, beating the performance of the Basic Materials sector with its gain of 4.58% and the S&P 500's gain of 6.29%. The investment community will be closely monitoring the performance of New Gold in its forthcoming earnings report. The company is expected to report EPS of $0.08, up 300% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.39 per share and revenue of $1.31 billion. These totals would mark changes of +95% and +41.21%, respectively, from last year. Investors might also notice recent changes to analyst estimates for New Gold. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.96% higher. As of now, New Gold holds a Zacks Rank of #3 (Hold). Looking at its valuation, New Gold is holding a Forward P/E ratio of 12.46. For comparison, its industry has an average Forward P/E of 12.99, which means New Gold is trading at a discount to the group. The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Bloomberg
30 minutes ago
- Bloomberg
Pentagon Slashes in Half Its Request for Air Force F-35s
The Air Force has cut in half its request to Congress for its signature F-35s, dealing a blow to Lockheed Martin Corp., the top US defense contractor. A Defense Department procurement request document sent to Capitol Hill this week asked for 24 of the planes, down from 48 that was forecast last year.
