Heartbeam Inc reports results for the quarter - Earnings Summary

Heartbeam

08/11/2024 21:01

* Heartbeam Inc  BEAT.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter , lower than the same quarter
last year, when the company reported EPS of -13 cents.  The mean
expectation of two analysts for the quarter was for a loss of 17
cents per share. Wall Street expected results to range from -18
cents to -17 cents per share.
    * Reported revenue was zero​; analysts expected zero. 
    * Heartbeam Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $4.98 million.
    * Heartbeam Inc shares had risen by 0.4% this quarter and
lost 0.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.1%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is  "hold."

Wall Street's median 12-month price target for Heartbeam Inc is
5.00 
This summary was machine generated from LSEG data November 8 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
 Sep. 30 2024      -0.17          -0.19          Missed
 Jun. 30 2024      -0.16          -0.19          Missed
 Mar. 31 2024      -0.15          -0.17          Missed
 Dec. 31 2023      -0.13          -0.15          Missed