Cue Health Inc expected to post a loss of 50 cents a share - Earnings Preview

Cue Health

08/08/2023 03:07

* Cue Health Inc  HLTH.OQ   HLTH.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 9. 
    * The San Diego California-based  company is expected to
report  a
84.8% decrease in revenue to $13.365 million from $87.7 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cue Health Inc is
for a
loss of 50 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
$4​, above​ its last closing price of $0.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.62       -0.61      -0.62     Missed  -2.1
 Dec. 31 2023  -0.47       -0.51      -0.21     Beat    58.8
 Sep. 30 2022  -0.54       -0.54      -0.45     Beat    17.1​
 Jun. 30 2022  -0.47       -0.46      -0.37     Beat    20
 ​​Mar.        -0.05       -0.05      0.02      Beat    138.1
 31 2022                                                
 Dec. 31 2021  0.10        0.11       0.22      Beat    109.5​
 Sep. 30 2021  1.48        1.48       0.13      Missed  -91.2
 This summary was machine generated August 8 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated