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

CVRx

29/07/2024 22:56

* CVRx Inc  CVRX.OQ  reported a quarterly adjusted loss
of 65
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -56
cents.  The mean expectation of six analysts for the quarter was
for a loss of 55 cents per share. Wall Street expected
results to range from -63 cents to -35 cents per share.
    * Revenue rose 24.3% to $11.81 million from a year ago;
analysts
expected $11.79 million. 
    * CVRx Inc's reported EPS for the quarter was a loss of 65
cents​.
    * The company reported a quarterly loss of $14.03 million.
    * CVRx Inc shares had fallen by 19.8% this quarter and
lost 69.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 4 "strong buy" or "buy," 2
"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
$14.50 
This summary was machine generated from LSEG data July 29 at
09:56 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       -0.55          -0.65          Missed
 Mar. 31 2024      -0.54          -1.04          Missed
 Dec. 31 2023      -0.54          -0.44          Beat
 Sep. 30 2023      -0.58          -0.43          Beat