Avita Medical Inc Reports Results For The Quarter Ended In December: Earnings Summary

AVITA Medical

24/02/2023 06:39

* AVITA Medical Inc  RCEL.OQ  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of 29 cents per share.
    * Revenue rose 36.3% to $9.46 million from a year ago;
analysts
expected $8.68 million. 
    * AVITA Medical Inc's reported EPS for the quarter was a
loss
of 22 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * AVITA Medical Inc shares had risen by 37.3% this quarter.
    * The company reported a quarterly loss of $5.35 million.
    * Wall Street's median 12-month price target for AVITA
Medical Inc
is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
24 at 06:39 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.29          -0.22          Beat
 Sep. 30 2022      -0.34          -0.22          Beat
 Jun. 30 2022      -0.39          -0.25          Beat
 Mar. 31 2022      -0.38          -0.38          Met