Butterfly Network Inc expected to post a loss of 10 cents a share - Earnings Preview

Butterfly Network

30/07/2024 21:42

* Butterfly Network Inc  BFLY.N   BFLY.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Burlington Massachusetts-based  company is expected to
report a 5.9% increase in revenue to $19.58 million from $18.49
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue of $20.000
million.
    * ​LSEG's mean analyst estimate for Butterfly Network Inc is
for a
loss of 10 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Butterfly
Network
Inc is $3.38​, above​ its last closing price of $1.04. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 20 million and -12 million (USD).
This summary was machine generated July 30 at 20:42 GMT.  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)