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

Allurion Technologies

13/08/2024 14:51

* Allurion Technologies Inc  ALUR.N  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in June.  The
lone analyst forecast for the quarter was for a loss of 24 cents
per share. 
    * Revenue was $11.77 million​; analysts expected $10.90
million. 
    * Allurion Technologies Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * Allurion Technologies Inc shares had fallen by 20.3% this
quarter and lost 78.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4% 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 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "buy."

Wall Street's median 12-month price target for Allurion
Technologies Inc is $5.00 
This summary was machine generated from LSEG data August 13 at
01:51 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
 Jun. 30 2024      -0.24          -0.05          Beat
 Mar. 31 2024      -0.30          0.11           Beat