CryoPort, Inc. (CYRX) Reports Q3 Loss, Misses Revenue Estimates

Financial Performance - CryoPort, Inc. reported a quarterly loss of $0.02 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.25, representing an earnings surprise of 92% [1] - The company posted revenues of $56.66 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.52%, but showing a slight increase from $56.16 million year-over-year [2] - Over the last four quarters, CryoPort has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates during the same period [2] Stock Performance - CryoPort shares have declined approximately 48.2% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.22 on revenues of $59.54 million, and for the current fiscal year, it is -$1.68 on revenues of $229.79 million [7] Industry Outlook - The Transportation - Services industry, to which CryoPort belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of CryoPort's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]