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

Avinger

09/08/2024 03:58

* Avinger Inc  AVGR.OQ  reported a quarterly adjusted loss
of
$2.82​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-8.85.  The lone analyst forecast for the quarter was for a
loss of 43 cents per share. 
    * Revenue fell 9.5% to $1.85 million from a year ago;
analysts
expected $2.55 million. 
    * Avinger Inc's reported EPS for the quarter was a loss of
$2.82​.
    * The company reported a quarterly loss of $4.6 million.
    * Avinger Inc shares had fallen by 33.9% this quarter and
lost 54.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Avinger Inc is
$5.00 
This summary was machine generated from LSEG data August 9 at
02:57 a.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      -0.43          -2.82          Missed
 Mar. 31 2024      -1.35          -2.49          Missed
                                  -3.93          
 Sep. 30 2023      -2.85          -2.92          Missed