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

Cue Health

09/11/2022 22:01

* Cue Health Inc  HLTH.OQ  reported a quarterly adjusted
loss
of 45 cents​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was for a loss
of 54 cents per share.
    * Revenue fell 68.9% to $69.59 million from a year ago;
analysts
expected $58.16 million. 
    * Cue Health Inc's reported EPS for the quarter was a loss
of 45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.7%
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 26.2% this quarter and
lost 71.7% so far this year.
    * The company reported a quarterly loss of $66.3 million.
    * Wall Street's median 12-month price target for Cue Health
Inc is
$8.50 
    * 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 Refinitiv data November
9 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.54          -0.45          Beat
 Jun. 30 2022      -0.46          -0.37          Beat
 Mar. 31 2022      -0.05          0.02           Beat
 Dec. 31 2021      0.11           0.22           Beat