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

Delcath Systems

05/08/2024 22:30

* Delcath Systems Inc  DCTH.OQ  reported a quarterly
adjusted loss
of 48 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -67 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 36 cents per share. Wall Street
expected results to range from -42 cents to -24 cents per share.
    * Revenue rose 1,468.9% to $7.77 million from a year ago;
analysts
expected $5.23 million. 
    * Delcath Systems Inc's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $13.89 million.
    * Delcath Systems Inc shares had fallen by 3.0% this
quarter and
gained 95.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
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 7 "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 Delcath Systems
Inc is $21.00 
This summary was machine generated from LSEG data August 5 at
09:30 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
 Jun. 30 2024      -0.36          -0.48          Missed
 Mar. 31 2024      -0.47          -0.45          Beat
 Dec. 31 2023      -0.51          -0.48          Beat
 Sep. 30 2023      -0.52          -1.14          Missed