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

Alphatec Holdings

31/07/2024 22:21

* Alphatec Holdings Inc  ATEC.OQ  reported a quarterly
adjusted
loss of 29 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -43 cents.  The mean expectation of
twelve analysts for the quarter was for a loss of 28 cents per
share. Wall Street expected results to range from -31 cents
to -20 cents per share.
    * Revenue rose 24.5% to $145.57 million from a year ago;
analysts
expected $144.49 million. 
    * Alphatec Holdings Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $40.68 million.
    * Alphatec Holdings Inc shares had fallen by 5.5% this
quarter and
lost 34.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
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 12 "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 $22.25 
This summary was machine generated from LSEG data July 31 at
09:21 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      -0.28          -0.29          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