Heartbeam Inc reports results for the quarter ended in December - Earnings Summary

Heartbeam

20/03/2024 21:01

* Heartbeam Inc  BEAT.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -45
cents.  The mean expectation of four analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -14 cents to -12 cents per share.
    * Reported revenue was zero​; analysts expected $41.67
thousand. 
    * Heartbeam Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $3.88 million.
    * Heartbeam Inc shares had fallen by 1.7% this quarter.

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 3 "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 also "buy"

Wall Street's median 12-month price target for Heartbeam Inc is
$5.78 
This summary was machine generated from LSEG data March 20 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      -0.13          -0.15          Missed
 Sep. 30 2023      -0.13          -0.13          Met
 Jun. 30 2023      -0.23          -0.16          Beat
 Mar. 31 2023      -0.31          -0.50          Missed