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

Alphatec Holdings

07/05/2024 22:46

* Alphatec Holdings Inc  ATEC.OQ  reported a quarterly
adjusted
loss of 34 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -40 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 31 cents per
share. Wall Street expected results to range from -38 cents
to -23 cents per share.
    * Revenue rose 26.9% to $138.48 million from a year ago;
analysts
expected $134.04 million. 
    * Alphatec Holdings Inc's reported EPS for the quarter was a
loss
of 34 cents​.
    * The company reported a quarterly loss of $48.5 million.
    * Alphatec Holdings Inc shares had fallen by 3.7% this
quarter and
lost 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.5%
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." 
    * Wall Street's median 12-month price target for Alphatec
Holdings
Inc is $23.00 

This summary was machine generated from LSEG data May 7 at 09:46
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
 Mar. 31 2024      -0.31          -0.34          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