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

Cutera

09/05/2024 23:15

* Cutera Inc  CUTR.OQ  reported a quarterly adjusted loss
of 70
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -80
cents.  The mean expectation of five analysts for the quarter
was for a loss of 100 cents per share. Wall Street expected
results to range from $-1.09 to -88 cents per share.
    * Revenue fell 29.5% to $38.79 million from a year ago;
analysts
expected $37.33 million. 
    * Cutera Inc's reported EPS for the quarter was a loss of
$1.14​.
    * The company reported a quarterly loss of $22.78 million.
    * Cutera Inc shares had risen by 70.7% this quarter and
lost 28.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.4%
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 May 9 at 10:14
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
 Mar. 31 2024      -1.00          -0.70          Beat
 Dec. 31 2023      -0.94          -1.35          Missed
 Sep. 30 2023      -0.92          -1.61          Missed
 Jun. 30 2023      -0.63          -0.69          Missed