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

electroCore,.

07/08/2024 22:54

* electroCore, Inc.  ECOR.OQ  reported a quarterly adjusted
loss
of 38 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.03.  The mean expectation of four analysts for the
quarter was for a loss of 44 cents per share. Wall Street
expected results to range from -48 cents to -37 cents per share.
    * Revenue rose 72.9% to $6.14 million from a year ago;
analysts
expected $5.56 million. 
    * electroCore, Inc.'s reported EPS for the quarter was a
loss
of 38 cents​.
    * The company reported a quarterly loss of $2.66 million.
    * electroCore, Inc. shares had fallen by 9.6% this
quarter and
lost 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.3%
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." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for electroCore, Inc.
is $26.50 
This summary was machine generated from LSEG data August 7 at
09:53 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      -0.44          -0.38          Beat
 Mar. 31 2024      -0.62          -0.52          Beat
 Dec. 31 2023      -0.61          -0.61          Met
 Sep. 30 2023      -0.70          -0.68          Beat