Cutera Inc reports results for the quarter ended in September 30 - Earnings Summary

Cutera

08/11/2024 05:05

* Cutera Inc  CUTR.OQ  reported a quarterly adjusted loss of
$1.67​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$-1.61.  The mean expectation of four analysts for the quarter
was for a loss of 96 cents per share. Wall Street expected
results to range from -97 cents to -95 cents per share.
    * Revenue fell 30.1% to $32.50 million from a year ago;
analysts
expected $32.09 million. 
    * Cutera Inc's reported EPS for the quarter was a loss of
$1.94​.
    * The company reported a quarterly loss of $39.02 million.
    * Cutera Inc shares had fallen by 27.0% this quarter and
lost 83.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15.8%
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 1 "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  "hold."

Wall Street's median 12-month price target for Cutera Inc is
$1.50 
This summary was machine generated from LSEG data November 8 at
05:05 a.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
 Sep. 30 2024      -0.96          -1.67          Missed
 Jun. 30 2024      -0.97          -1.20          Missed
 Mar. 31 2024      -1.00          -0.70          Beat
 Dec. 31 2023      -0.94          -1.35          Missed