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

Cutera

08/08/2024 22:54

* Cutera Inc  CUTR.OQ  reported a quarterly adjusted loss of
$1.20​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -69
cents.  The mean expectation of five analysts for the quarter
was for a loss of 97 cents per share. Wall Street expected
results to range from $-1.11 to -85 cents per share.
    * Revenue fell 43.8% to $34.38 million from a year ago;
analysts
expected $38.70 million. 
    * Cutera Inc's reported EPS for the quarter was a loss of
$1.23​.
    * The company reported a quarterly loss of $24.68 million.
    * Cutera Inc shares had fallen by 31.8% this quarter and
lost 70.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.6%
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," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Cutera Inc is
$6.00 
This summary was machine generated from LSEG data August 8 at
09:54 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
 Jan. 1 0001       -0.97          -1.20          Missed
 Mar. 31 2024      -1.00          -0.70          Beat
 Dec. 31 2023      -0.94          -1.35          Missed
 Sep. 30 2023      -0.92          -1.61          Missed