Biote Corp reports results for the quarter ended in March - Earnings Summary

biote

08/05/2024 12:30

* Biote Corp  BTMD.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -39
cents.  The mean expectation of four analysts for the quarter
was for earnings of 3 cents per share. Wall Street expected
results to range from -1 cents to 9 cents per share.
    * Revenue rose 4.4% to $46.80 million from a year ago;
analysts
expected $45.71 million. 
    * Biote Corp's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $2.07 million.
    * Biote Corp shares had fallen by 0.5% this quarter and
gained 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.4%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is also "buy"

Wall Street's median 12-month price target for Biote Corp is
$9.00 
This summary was machine generated from LSEG data May 8 at 11:29
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
 Mar. 31 2024      0.03           -0.06          Missed
 Dec. 31 2023      0.08           0.18           Beat
 Sep. 30 2023      0.08           0.24           Beat
 Jun. 30 2023      0.10           -0.25          Missed