Glaukos Corp reports results for the quarter ended in June - Earnings Summary

Glaukos

31/07/2024 22:01

* Glaukos Corp  GKOS.N  reported a quarterly adjusted loss
of 52
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -55
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 51 cents per share. Wall Street
expected results to range from -58 cents to -45 cents per share.
    * Revenue rose 19% to $95.69 million from a year ago;
analysts
expected $88.90 million. 
    * Glaukos Corp's reported EPS for the quarter was a loss of
$1.06​.
    * The company reported a quarterly loss of $53.87 million.
    * Glaukos Corp shares had fallen by 0.4% this quarter and
gained 48.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 10 "strong buy" or "buy," 4
"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 Glaukos Corp is
$120.00 
This summary was machine generated from LSEG data July 31 at
09:00 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      -0.51          -0.52          Missed
 Mar. 31 2024      -0.57          -0.70          Missed
 Dec. 31 2023      -0.55          -0.63          Missed
 Sep. 30 2023      -0.55          -0.50          Beat