Cue Health Inc expected to post a loss of 38 cents a share - Earnings Preview

Cue Health

10/05/2024 23:56

* Cue Health Inc  HLTH.OQ   HLTH.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 13 for the
period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
59.2% decrease in revenue to $10.103 million from $24.77 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Cue Health Inc is for a
loss
of 38 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Cue Health
Inc is
$0.75​, above​ its last closing price of $0.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.48       -0.43      -0.96     Missed  -124.6
 Sep. 30 2023  -0.44       -0.45      -0.43     Beat    4.4
 Jun. 30 2023  -0.47       -0.51      -0.55     Missed  -6.8​
 Mar. 31 2023  -0.62       -0.61      -0.62     Missed  -2.1
 ​​Dec.        -0.47       -0.51      -0.21     Beat    58.8
 31 2022                                                
 Sep. 30 2022  -0.54       -0.54      -0.45     Beat    17.1​
 Jun. 30 2022  -0.47       -0.46      -0.37     Beat    20
 Jan. 1 0001   -0.05       -0.05      0.02      Beat    138.1
 This summary was machine generated May 10 at 22:55 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)