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

Alphatec Holdings

27/02/2024 23:13

* Alphatec Holdings Inc  ATEC.OQ  reported a quarterly
adjusted
loss of 37 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -33 cents.  The mean expectation of eleven analysts for
the quarter was for a loss of 25 cents per share. Wall Street
expected results to range from -32 cents to -19 cents per share.
    * Revenue rose 30.2% to $137.97 million from a year ago;
analysts
expected $131.01 million. 
    * Alphatec Holdings Inc's reported EPS for the quarter was a
loss
of 37 cents​.
    * The company reported a quarterly loss of $49.08 million.
    * Alphatec Holdings Inc shares had fallen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Alphatec Holdings
Inc is $22.50 
This summary was machine generated from LSEG data February 27 at
11:13 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      -0.25          -0.37          Missed
 Sep. 30 2023      -0.28          -0.35          Missed
 Jun. 30 2023      -0.28          -0.43          Missed
 Mar. 31 2023      -0.31          -0.40          Missed