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

Avinger

27/10/2023 24:25

* Avinger Inc  AVGR.OQ  reported a quarterly adjusted loss
of
$2.92​​ per share for the quarter ended in September. The lone
analyst forecast for the quarter was for a loss of $2.85 per
share.
    * Revenue fell 19.3% to $1.82 million from a year ago;
analysts
expected $2.39 million. 
    * Avinger Inc's reported EPS for the quarter was a loss of
$2.92​.
    * The mean earnings estimate of analysts had risen by
about 13.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Avinger Inc shares had fallen by 27.5% this quarter and
lost 76.0% so far this year.
    * The company reported a quarterly loss of $2.04 million.
    * Wall Street's median 12-month price target for Avinger Inc
is
$24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 11:24 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -2.85          -2.92          Missed
 Jun. 30 2023      -7.35          -8.85          Missed
 Mar. 31 2023      -7.35          -10.65         Missed
                                  -10.50