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

Acutus Medical

16/03/2023 21:01

* Acutus Medical Inc  AFIB.OQ  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for a loss of 71 cents per share.
    * Revenue rose 13.8% to $4.96 million from a year ago;
analysts
expected $4.32 million. 
    * Acutus Medical Inc's reported EPS for the quarter was 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Acutus Medical Inc shares had fallen by 21.7% this
quarter.
    * The company reported quarterly net income of $15.11
million.
    * Wall Street's median 12-month price target for Acutus
Medical
Inc is $2.21 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.71          0.41           Beat
 Sep. 30 2022      -0.81          -0.72          Beat
 Jun. 30 2022      -0.80          -1.38          Missed
 Mar. 31 2022      -0.92          -1.00          Missed