AtriCure Inc reports results for the quarter ended in June - Earnings Summary

AtriCure

30/07/2024 22:00

* AtriCure Inc  ATRC.OQ  reported a quarterly adjusted loss
of 17
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 nine analysts for the quarter
was for a loss of 17 cents per share. Wall Street expected
results to range from -23 cents to -12 cents per share.
    * Revenue rose 15.2% to $116.27 million from a year ago;
analysts
expected $116.18 million. 
    * AtriCure Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $8.01 million.
    * AtriCure Inc shares had fallen by 3.6% this quarter and
lost 38.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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 9 "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 AtriCure Inc is
$44.50 
This summary was machine generated from LSEG data July 30 at
09:00 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      -0.17          -0.17          Met
 Mar. 31 2024      -0.23          -0.28          Missed
 Dec. 31 2023      -0.23          -0.21          Beat
 Sep. 30 2023      -0.31          -0.20          Beat