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Stock impact report

Newsflash: Alpha Teknova, Inc. (NASDAQ:TKNO) Analysts Have Been Trimming Their Revenue Forecasts [Yahoo! Finance]

Alpha Teknova, Inc. (TKNO) 
Company Research Source: Yahoo! Finance
NASDAQ:TKNO ) shareholders today, when the analysts downgraded their forecasts for this year. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. After the downgrade, the consensus from Alpha Teknova's five analysts is for revenues of US$38m in 2023, which would reflect a noticeable 3.3% decline in sales compared to the last year of performance. The loss per share is anticipated to greatly reduce in the near future, narrowing 38% to US$1.14. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$43m and losses of US$1.10 per share in 2023. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. The consensus price target fell 24% to US$5.33, implicitly signalling that lower earnings per share are a leading indicator for Alph Show less Read more
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