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

Axonics

02/08/2024 13:00

* Axonics Inc  AXNX.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 1 cents to 29 cents per share.
    * Revenue rose 23.3% to $114.57 million from a year ago;
analysts
expected $112.68 million. 
    * Axonics Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $6.9 million.
    * Axonics Inc shares had risen by 1.8% this quarter and
gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 2 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Axonics Inc is
$71.00 
This summary was machine generated from LSEG data August 2 at
11:59 a.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
 Jun. 30 2024      0.13           0.13           Met
 Dec. 31 2023      -0.08          -0.27          Missed
 Dec. 31 2023      0.06           0.13           Beat
 Sep. 30 2023      -0.05          0.08           Beat