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

Eargo

08/08/2022 23:01

* Eargo Inc  EAR.OQ  reported a quarterly adjusted loss
of 78
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 29 cents per share.
    * Revenue fell 68.3% to $7.25 million from a year ago;
analysts
expected $19.65 million. 
    * Eargo Inc's reported EPS for the quarter was a loss of 82
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Eargo Inc shares had risen by 63.6% this quarter and
lost 75.9%
so far this year.
    * The company reported a quarterly loss of $32.44 million.
    * Wall Street's median 12-month price target for Eargo Inc
is
$10.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 8
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.29          -0.78          Missed
 Mar. 31 2022      -0.17          -0.70          Missed
 Dec. 31 2021      -0.40                         
 Sep. 30 2021      -0.42          -1.88          Missed