electroCore, Inc. reports results for the quarter ended September 30 - Earnings Summary

electroCore,.

14/11/2024 04:03

* electroCore, Inc.  ECOR.OQ  reported a quarterly adjusted
loss
of 31 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -68 cents.  The mean expectation of
four analysts for the quarter was for a loss of 33 cents per
share. Wall Street expected results to range from -36 cents
to -30 cents per share.
    * Revenue rose 45.4% to $6.55 million from a year ago;
analysts
expected $6.49 million. 
    * electroCore, Inc.'s reported EPS for the quarter was a
loss
of 31 cents​.
    * The company reported a quarterly loss of $2.5 million.
    * electroCore, Inc. shares had risen by 72.2% this
quarter and
gained 108.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 14 at
04:03 a.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
 Sep. 30 2024      -0.44          -0.31          Beat
 Jun. 30 2024      -0.44          -0.38          Beat
 Mar. 31 2024      -0.62          -0.52          Beat
 Dec. 31 2023      -0.61          -0.61          Met