Accuray Inc reports results for the quarter ended in December - Earnings Summary

Accuray

31/01/2024 22:02

* Accuray Inc  ARAY.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of three analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -7 cents to -4 cents per share.
    * Revenue fell 6.6% to $107.24 million from a year ago;
analysts
expected $106.67 million. 
    * Accuray Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $9.62 million.
    * Accuray Inc shares had fallen by 4.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 316.7% 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 3 "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 Accuray Inc is
$7.00 
This summary was machine generated from LSEG data January 31 at
10:01 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      -0.05          -0.10          Missed
 Sep. 30 2023      -0.05          -0.03          Beat
 Jun. 30 2023      0.01           -0.03          Missed
 Mar. 31 2023      -0.01          0.01           Beat