Delcath Systems Inc DCTH.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -48 cents. The mean expectation of six analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from zero cents to 7 cents per share.
Revenue rose 211% to $24.16 million from a year ago; analysts expected $22.83 million.
Delcath Systems Inc's reported EPS for the quarter was 7 cents.
The company reported quarterly net income of $2.7 million.
Delcath Systems Inc shares had fallen by 22.6% this quarter and lost 12.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1,397% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
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 Delcath Systems Inc is $23.50, about 55.2% above its last closing price of $10.52
This summary was machine generated from LSEG data August 6 at 01:32 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)