Avinger Inc reports results for the quarter ended September 30 - Earnings Summary

Avinger

08/11/2024 21:03

* Avinger Inc  AVGR.OQ  reported a quarterly adjusted loss
of
$1.82​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-2.92.  The lone analyst forecast for the quarter was for a
loss of $2.03 per share. 
    * Revenue fell 9.2% to $1.65 million from a year ago;
analysts
expected $1.64 million. 
    * Avinger Inc's reported EPS for the quarter was a loss of
$1.82​.
    * The company reported a quarterly loss of $4.06 million.
    * Avinger Inc shares had fallen by 14.6% this quarter and
lost 70.1% 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 November 8 at
09:03 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
 Sep. 30 2024      -2.03          -1.82          Beat
 Jun. 30 2024      -0.43          -2.82          Missed
 Mar. 31 2024      -1.35          -2.49          Missed
                                  -3.93