Veracyte Announces First Quarter 2022 Financial Results

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Go back to Veracyte Announces First Quarter 2022 Financial Results

Veracyte, Inc (VCYT) PT Lowered to $26 at Needham & Company

May 4, 2022 6:51 AM EDT

Needham & Company analyst Mike Matson lowered the price target on Veracyte, Inc (NASDAQ: VCYT) to $26.00 (from $31.00) while maintaining a Buy rating following earnings.

The analyst commented, "VCYT's 1Q22 revenue and EPS beat consensus. Organic revenue growth (excluding estimated revenue from Decipher and... More

Veracyte (VCYT) Tops Q1 EPS by 4c

May 3, 2022 4:40 PM EDT

Veracyte (NASDAQ: VCYT) reported Q1 EPS of ($0.20), $0.04 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $67.8 million versus the consensus estimate of $62.32 million.

GUIDANCE:

Veracyte sees FY2022 revenue of $265-275 million, versus the consensus of $270... More