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

AVITA Medical

10/08/2023 23:32

* AVITA Medical Inc  RCEL.OQ  reported a quarterly adjusted
loss
of 41 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue rose 41% to $11.75 million from a year ago;
analysts
expected $11.32 million. 
    * AVITA Medical Inc's reported EPS for the quarter was a
loss
of 41 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * AVITA Medical Inc shares had risen by 5.8% this
quarter and
gained 172.7% so far this year.
    * The company reported a quarterly loss of $10.38 million.
    * Wall Street's median 12-month price target for AVITA
Medical Inc
is $24.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 10:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.32          -0.41          Missed
 Mar. 31 2023      -0.25          -0.37          Missed
 Dec. 31 2022      -0.29          -0.22          Beat
 Sep. 30 2022      -0.34          -0.22          Beat