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

Cue Health

13/03/2024 21:01

* Cue Health Inc  HLTH.OQ  reported a quarterly adjusted
loss
of 96 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of four analysts for the
quarter was for a loss of 44 cents per share. Wall Street
expected results to range from -48 cents to -41 cents per share.
    * Revenue fell 87.2% to $18.80 million from a year ago;
analysts
expected $17.68 million. 
    * Cue Health Inc's reported EPS for the quarter was a loss
of 96
cents​.
    * The company reported a quarterly loss of $148.43 million.
    * Cue Health Inc shares had risen by 62.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Cue Health Inc is
$0.88 
This summary was machine generated from LSEG data March 13 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
 Dec. 31 2023      -0.44          -0.96          Missed
 Sep. 30 2023      -0.45          -0.43          Beat
 Jun. 30 2023      -0.50          -0.55          Missed
 Mar. 31 2023      -0.61          -0.62          Missed