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

CVRx

30/04/2024 23:55

* CVRx Inc  CVRX.OQ  reported a quarterly adjusted loss of
$1.04​​
per share for the quarter ended in March, lower than the same
quarter last year, when the company reported EPS of -55 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 -60 cents to -49 cents per share.
    * Revenue rose 35% to $10.77 million from a year ago;
analysts
expected $11.41 million. 
    * CVRx Inc's reported EPS for the quarter was a loss of
$1.04​.
    * The company reported a quarterly loss of $22.15 million.
    * CVRx Inc shares had fallen by 16.1% this quarter and
lost 51.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 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
$32.50 
This summary was machine generated from LSEG data April 30 at
10:54 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
 Mar. 31 2024      -0.54          -1.04          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