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

Beyond Air

12/02/2024 22:39

* Beyond Air Inc  XAIR.OQ  reported a quarterly adjusted
loss
of 50 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -43 cents.  The mean expectation of six analysts for the
quarter was for a loss of 53 cents per share. Wall Street
expected results to range from -65 cents to -41 cents per share.
    * Revenue was $391.00 thousand​; analysts expected $445.50
thousand. 
    * Beyond Air Inc's reported EPS for the quarter was a loss
of 50
cents​.
    * The company reported a quarterly loss of $16.22 million.
    * Beyond Air Inc shares had fallen by 4.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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
$10.00 
This summary was machine generated from LSEG data February 12 at
10:39 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      -0.53          -0.50          Beat
 Sep. 30 2023      -0.47          -0.51          Missed
 Jun. 30 2023      -0.47          -0.45          Beat
 Mar. 31 2023      -0.47          -0.67          Missed