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

Beyond Air

07/08/2024 24:18

* Beyond Air Inc  XAIR.OQ  reported a quarterly adjusted
loss
of 27 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -45 cents.  The mean expectation of four analysts for the
quarter was for a loss of 32 cents per share. Wall Street
expected results to range from -40 cents to -28 cents per share.
    * Revenue rose 1,057.6% to $683.00 thousand from a year ago;
analysts expected $798.25 thousand. 
    * Beyond Air Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The company reported a quarterly loss of $12.2 million.
    * Beyond Air Inc shares had fallen by 8.5% this quarter and
lost 74.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$5.50 
This summary was machine generated from LSEG data August 6 at
11:18 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
 Jun. 30 2024      -0.32          -0.27          Beat
 Mar. 31 2024      -0.48          -0.36          Beat
 Dec. 31 2023      -0.53          -0.50          Beat
 Sep. 30 2023      -0.47          -0.51          Missed