Cue Health Inc reports results for the quarter ended in December - Earnings Summary

Cue Health

15/03/2023 21:02

* Cue Health Inc  HLTH.OQ  reported a quarterly adjusted
loss
of 21 cents​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of 51 cents per share.
    * Revenue fell 23.8% to $146.78 million from a year ago;
analysts
expected $47.77 million. 
    * Cue Health Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cue Health Inc shares had fallen by 2.4% this quarter.
    * The company reported a quarterly loss of $31.51 million.
    * Wall Street's median 12-month price target for Cue Health
Inc is
$6.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 15 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.51          -0.21          Beat
 Sep. 30 2022      -0.54          -0.45          Beat
 Jun. 30 2022      -0.46          -0.37          Beat
 Mar. 31 2022      -0.05          0.02           Beat