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

Cardio Diagnostics Holdings

17/05/2024 22:01

* Cardio Diagnostics Holdings Inc  CDIO.OQ  reported a
quarterly
adjusted loss of 20 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -11 cents.  The mean expectation of two analysts
for the quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -10 cents to -8 cents per share.
    * Revenue was $15.93 thousand​; analysts expected $50.00
thousand. 
    * Cardio Diagnostics Holdings Inc's reported EPS for the
quarter
was a loss of 20 cents​.
    * The company reported a quarterly loss of $4.16 million.
    * Cardio Diagnostics Holdings Inc shares had fallen by 40.9%
this
quarter and lost 66.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 37.9%
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 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 $4.68 
This summary was machine generated from LSEG data May 17 at
09:01 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
 Mar. 31 2024      -0.09          -0.20          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