Avita Medical Inc Expected To Post A Loss Of 32 Cents A Share: Earnings Preview

AVITA Medical

09/08/2023 01:01

* AVITA Medical Inc  RCEL.OQ   RCEL.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 10. 
    * The Valencia California California-based  company is
expected to
report  a 35.8% increase in revenue to $11.32 million from $8.34
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for AVITA Medical Inc
is for
a loss of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for AVITA
Medical Inc
is $24.5​, above​ its last closing price of $17.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.23       -0.25      -0.37     Missed  -47.4
 Dec. 31 2023  -0.28       -0.29      -0.22     Beat    24.7
 Sep. 30 2022  -0.34       -0.34      -0.22     Beat    35.2​
 Jun. 30 2022  -0.38       -0.39      -0.25     Beat    35.9
 ​​Mar.        -0.39       -0.38      -0.38     Met     0
 31 2022                                                
                                      -0.34             ​
 This summary was machine generated August 9 at 00:01 GMT.  All
figures in US dollars  unless otherwise stated