electroCore, Inc. reports results for the quarter ended in December - Earnings Summary

electroCore,.

13/03/2024 21:02

* electroCore, Inc.  ECOR.OQ  reported a quarterly adjusted
loss
of 61 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-1.22.  The mean expectation of five analysts
for the quarter was for a loss of 61 cents per share. Wall
Street expected results to range from -63 cents to -57 cents per
share.
    * Revenue rose 102.8% to $5.19 million from a year ago;
analysts
expected $4.97 million. 
    * electroCore, Inc.'s reported EPS for the quarter was a
loss
of 61 cents​.
    * The company reported a quarterly loss of $4.03 million.
    * electroCore, Inc. shares had risen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.8%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for
electroCore, Inc.
is $26.50 

This summary was machine generated from LSEG data March 13 at
09:01 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
 Dec. 31 2023      -0.61          -0.61          Met
 Sep. 30 2023      -0.70          -0.68          Beat
 Jun. 30 2023      -0.96          -1.03          Missed
 Mar. 31 2023      -1.00          -1.24          Missed