Cryoport(US:CYRX) ZACKSยท2024-08-07 00:01Summary of CryoPort, Inc. (CYRX) Earnings Report Core Viewpoint CryoPort, Inc. reported a quarterly loss of $0.33 per share, which was better than the Zacks Consensus Estimate of a loss of $0.37, indicating a positive earnings surprise of 10.81% [1]. However, the company has struggled with revenue performance and stock price, underperforming the market significantly this year. Financial Performance - The company posted revenues of $57.6 million for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.33% and showing a year-over-year increase from $57.02 million [2]. - Over the last four quarters, CryoPort has surpassed consensus EPS estimates only once [2]. - The current consensus EPS estimate for the upcoming quarter is -$0.30 on revenues of $62.29 million, and for the current fiscal year, it is -$1.33 on revenues of $239.63 million [7]. Stock Performance - CryoPort shares have declined approximately 51.7% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Industry Context - CryoPort operates within the Zacks Transportation - Services industry, which is currently ranked in the bottom 27% of over 250 Zacks industries [8]. - The performance of CryoPort's stock may be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8].