Cardio Diagnostics Holdings Inc reports results for the quarter ended in December - Earnings Summary

Cardio Diagnostics Holdings

02/04/2024 18:26

* Cardio Diagnostics Holdings Inc  CDIO.OQ  reported
quarterly
breakeven results​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of two analysts
for the quarter was for a loss of 13 cents per share. Wall
Street expected results to range from -14 cents to -13 cents per
share.
    * Revenue rose 458.9% to $5.31 thousand from a year ago;
analysts
expected $250.00 thousand. 
    * Cardio Diagnostics Holdings Inc's reported EPS for the
quarter
was breakeven results​.
    * The company reported a quarterly loss of $1.39 million.
    * Cardio Diagnostics Holdings Inc shares had fallen by 2.1%
this
quarter and lost 44.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Cardio
Diagnostics Holdings Inc is $6.00 
This summary was machine generated from LSEG data April 2 at
05:26 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      -0.13          0.00           Beat
 Sep. 30 2023      -0.27          -0.16          Beat
 Jun. 30 2023      -0.18          -0.39          Missed
 Mar. 31 2023      -0.18          -0.11          Beat