CVRx Inc reports results for the quarter ended in December - Earnings Summary

CVRx

25/01/2024 22:01

* CVRx Inc  CVRX.OQ  reported a quarterly adjusted loss
of 44
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -51
cents.  The mean expectation of six analysts for the quarter was
for a loss of 54 cents per share. Wall Street expected
results to range from -57 cents to -49 cents per share.
    * Revenue rose 57.5% to $11.31 million from a year ago;
analysts
expected $11.14 million. 
    * CVRx Inc's reported EPS for the quarter was a loss of 44
cents​.
    * The company reported a quarterly loss of $9.16 million.
    * CVRx Inc shares had fallen by 12.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for CVRx Inc is
$31.00 
This summary was machine generated from LSEG data January 25 at
10:00 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
 Dec. 31 2023      -0.54          -0.44          Beat
 Sep. 30 2023      -0.58          -0.43          Beat
 Jun. 30 2023      -0.58          -0.56          Beat
 Mar. 31 2023      -0.56          -0.55          Beat