Published on 24 Feb 2021 on Simply Wall St. via Yahoo Finance

Analysts Just Shaved Their Fluidigm Corporation (NASDAQ:FLDM) Forecasts Dramatically

One thing we could say about the analysts on Fluidigm Corporation (NASDAQ:FLDM) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.

Following the downgrade, the most recent consensus for Fluidigm from its three analysts is for revenues of US$149m in 2021 which, if met, would be a satisfactory 7.8% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 35% to US$0.48. However, before this estimates update, the consensus had been expecting revenues of US$198m and US$0.42 per share in losses. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.

See our latest analysis for Fluidigm