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

Cue Health

09/08/2023 22:03

* Cue Health Inc  HLTH.OQ  reported a quarterly adjusted
loss
of 55 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 50 cents per share.
    * Revenue fell 88.7% to $9.90 million from a year ago;
analysts
expected $13.37 million. 
    * Cue Health Inc's reported EPS for the quarter was a loss
of 55
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cue Health Inc shares had risen by 16.4% this quarter and
lost 79.2% so far this year.
    * The company reported a quarterly loss of $83.86 million.
    * Wall Street's median 12-month price target for Cue Health
Inc is
$4.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.50          -0.55          Missed
 Mar. 31 2023      -0.61          -0.62          Missed
 Dec. 31 2022      -0.51          -0.21          Beat
 Sep. 30 2022      -0.54          -0.45          Beat