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

Accuray

15/08/2024 06:13

* Accuray Inc  ARAY.OQ  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of four analysts for the quarter
was for earnings of 3 cents per share. Wall Street expected
results to range from 2 cents to 4 cents per share.
    * Revenue rose 13.5% to $134.29 million from a year ago;
analysts
expected $121.51 million. 
    * Accuray Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $3.39
million.
    * Accuray Inc shares had fallen by 21.4% this quarter and
lost 49.5% so far this year.

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 4 "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  "buy."

Wall Street's median 12-month price target for Accuray Inc is
$6.00 
This summary was machine generated from LSEG data August 15 at
05:13 a.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
 Jun. 30 2024      0.03           0.03           Met
 Mar. 31 2024      -0.01          -0.06          Missed
 Dec. 31 2023      -0.05          -0.10          Missed
 Sep. 30 2023      -0.05          -0.03          Beat