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

Cue Health

10/05/2023 22:03

* Cue Health Inc  HLTH.OQ  reported a quarterly adjusted
loss
of 62 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 61 cents per share.
    * Revenue fell 86.2% to $24.77 million from a year ago;
analysts
expected $23.02 million. 
    * Cue Health Inc's reported EPS for the quarter was a loss
of 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 32.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cue Health Inc shares had fallen by 54.9% this quarter and
lost 60.3% so far this year.
    * The company reported a quarterly loss of $94.2 million.
    * Wall Street's median 12-month price target for Cue Health
Inc is
$5.00 
    * 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 May
10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.46          -0.37          Beat