Accuray Inc expected to post a loss of 1 cent a share - Earnings Preview

Accuray

29/04/2024 22:55

* Accuray Inc  ARAY.OQ   ARAY.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Madison Wisconsin-based  company is expected to report
a
3.7% decrease in revenue to $113.649 million from $118.06
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended March 31, was for revenue between
$112.00 million and $118.00 million.
    * ​LSEG's mean analyst estimate for Accuray Inc is for a
loss of 1
cent per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Accuray Inc
is
$8.00​, above​ its last closing price of $2.22. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD112 million and USD9 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.05       -0.05      -0.10     Missed  -100
 Sep. 30 2023  -0.04       -0.05      -0.03     Beat    40
 Jun. 30 2023  0.01        0.01       -0.03     Missed  -400​
 Mar. 31 2023  -0.01       -0.01      0.01      Beat    185.7
 ​​Dec.        -0.03       -0.03      -0.02     Beat    25
 31 2022                                                
 Sep. 30 2022  -0.02       -0.02      -0.06     Missed  -172.7
                                                        ​
 Jun. 30 2022  -0.06       -0.06      -0.04     Beat    33.5
 Mar. 31 2022  -0.06       -0.04      -0.01     Beat    75
 This summary was machine generated April 29 at 21:55 GMT.  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)