Axonics Inc expected to post earnings of 6 cents a share - Earnings Preview

Axonics

26/02/2024 11:02

* Axonics Inc  AXNX.OQ   AXNX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 28
(estimated) for the period ending December 31 2023
    * The Irvine California-based  company is expected to report
a
24.9% increase in revenue to $107.333 million from $85.92
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on January 8
2024, for the period ended December 31, was for revenue between
$109.30 million and $109.70 million.
    * ​LSEG's mean analyst estimate for Axonics Inc is for
earnings of
6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"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 Axonics Inc
is
$71.00​, above​ its last closing price of $68.39. ​​​

The company's guidance on October 30 2023 for the period ended
December 31 was for gross profit margin between USD74% and
USD75%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.05       -0.05      0.08      Beat    245.5
 Jun. 30 2023  -0.10       -0.11      0.16      Beat    240.8
 Mar. 31 2023  -0.28       -0.29      -0.19     Beat    33.9​
 Dec. 31 2022  -0.27       -0.24      0.01      Beat    104.1
 ​​Sep.        -0.48       -0.48      -0.34     Beat    28.5
 30 2022                                                
 Jun. 30 2022  -0.54       -0.54      -0.47     Beat    13.4​
 Mar. 31 2022  -0.65       -0.63      -0.50     Beat    21
 Dec. 31 2021  -0.37       -0.37      -0.34     Beat    8.1
 This summary was machine generated February 26 at 11:01 GMT. 
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)