Beyond Air Inc reports results for the quarter - Earnings Summary

Beyond Air

12/11/2024 03:43

* Beyond Air Inc  XAIR.OQ  reported a quarterly adjusted
loss
of 28 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of -51 cents. 
The mean expectation of five analysts for the quarter was for a
loss of 28 cents per share. Wall Street expected results to
range from -31 cents to -25 cents per share.
    * Revenue rose 233.9% to $798.00 thousand from a year ago;
analysts expected $1.04 million. 
    * Beyond Air Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The company reported a quarterly loss of $14.03 million.
    * Beyond Air Inc shares had risen by 22.1% this quarter and
lost 75.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Beyond Air Inc is
$3.00 
This summary was machine generated from LSEG data November 12 at
03:43 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
 Sep. 30 2024      -0.28          -0.28          Met
 Jun. 30 2024      -0.32          -0.27          Beat
 Mar. 31 2024      -0.48          -0.36          Beat
 Dec. 31 2023      -0.53          -0.50          Beat