Axonics Inc reports results for the quarter ended September 30 - Earnings Summary

Axonics

08/11/2024 16:31

* Axonics Inc  AXNX.OQ  reported quarterly breakeven
results​​ per
share for the quarter ended September 30, lower than the same
quarter last year, when the company reported EPS of 8 cents. 
The mean expectation of twelve analysts for the quarter was
for earnings of 13 cents per share. Wall Street expected
results to range from 4 cents to 20 cents per share.
    * Revenue rose 24.8% to $116.19 million from a year ago;
analysts
expected $113.50 million. 
    * Axonics Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported a quarterly loss of $21 thousand.
    * Axonics Inc shares had risen by 1.2% this quarter and
gained 13.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.2%
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 1 "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 November 8 at
04:31 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
 Sep. 30 2024      0.13           0.00           Missed
 Jun. 30 2024      0.13           0.13           Met
 Mar. 31 2024      -0.08          -0.27          Missed
 Dec. 31 2023      0.06           0.13           Beat