908 Devices Inc. reports results for the quarter ended in December - Earnings Summary

908 Devices

05/03/2024 23:47

* 908 Devices Inc.  MASS.OQ  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of
five analysts for the quarter was for a loss of 26 cents per
share. Wall Street expected results to range from -29 cents
to -24 cents per share.
    * Revenue rose 23.3% to $14.35 million from a year ago;
analysts
expected $14.16 million. 
    * 908 Devices Inc.'s reported EPS for the quarter was a loss
of 23
cents​.
    * The company reported a quarterly loss of $7.43 million.
    * 908 Devices Inc. shares had fallen by 35.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "strong buy"

Wall Street's median 12-month price target for 908 Devices Inc.
is $16.00 
This summary was machine generated from LSEG data March 5 at
11:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.26          -0.23          Beat
 Sep. 30 2023      -0.30          -0.22          Beat
 Jun. 30 2023      -0.35          -0.29          Beat
 Mar. 31 2023      -0.35          -0.39          Missed