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

Apyx Medical

09/05/2024 14:32

* Apyx Medical Corp  APYX.OQ  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of five analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -27 cents to -16 cents per share.
    * Revenue fell 15.6% to $10.24 million from a year ago;
analysts
expected $9.53 million. 
    * Apyx Medical Corp's reported EPS for the quarter was a
loss
of 22 cents​.
    * The company reported a quarterly loss of $7.58 million.
    * Apyx Medical Corp shares had fallen by 0.7% this
quarter and
lost 48.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.8%
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 May 9 at 01:32
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      -0.21          -0.22          Missed
 Dec. 31 2023      -0.18          -0.28          Missed
 Sep. 30 2023      -0.11          -0.13          Missed
 Jun. 30 2023      -0.07          -0.11          Missed