Apyx Medical Corp reports results for the quarter ended in June - Earnings Summary

Apyx Medical

09/08/2024 24:29

* Apyx Medical Corp  APYX.OQ  reported a quarterly adjusted
loss
of 19 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -11 cents.  The mean expectation of five analysts for the
quarter was for a loss of 20 cents per share. Wall Street
expected results to range from -21 cents to -18 cents per share.
    * Revenue fell 10.5% to $12.15 million from a year ago;
analysts
expected $11.75 million. 
    * Apyx Medical Corp's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $6.56 million.
    * Apyx Medical Corp shares had fallen by 24.6% this
quarter and
lost 61.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Apyx Medical Corp
is $2.25 
This summary was machine generated from LSEG data August 8 at
11:29 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      -0.20          -0.19          Beat
 Mar. 31 2024      -0.21          -0.22          Missed
 Dec. 31 2023      -0.18          -0.28          Missed
 Sep. 30 2023      -0.11          -0.13          Missed