Axonics Inc reports results for the quarter ended in December - Earnings Summary

Axonics

28/02/2024 23:27

* Axonics Inc  AXNX.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from -2 cents to 12 cents per share.
    * Revenue rose 27.7% to $109.74 million from a year ago;
analysts
expected $107.33 million. 
    * Axonics Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $6.57
million.
    * Axonics Inc shares had risen by 9.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Axonics Inc
is
$71.00 

This summary was machine generated from LSEG data February 28 at
11:26 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
 Dec. 31 2023      0.06           0.13           Beat
 Sep. 30 2023      -0.05          0.08           Beat
 Jun. 30 2023      -0.11          0.16           Beat
 Mar. 31 2023      -0.29          -0.19          Beat