Hyperfine Inc reports results for the quarter ended in June - Earnings Summary

Hyperfine

09/08/2024 07:32

* Hyperfine Inc  HYPR.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of three analysts for the quarter
was for a loss of 14 cents per share. Wall Street expected
results to range from -15 cents to -13 cents per share.
    * Revenue rose 7.4% to $3.63 million from a year ago;
analysts
expected $3.26 million. 
    * Hyperfine Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $10.16 million.
    * Hyperfine Inc shares had risen by 29.4% this quarter and
lost 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% 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 2 "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 Hyperfine Inc is
$1.30 
This summary was machine generated from LSEG data August 9 at
06:32 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
 Jun. 30 2024      -0.14          -0.14          Met
 Mar. 31 2024      -0.15          -0.14          Beat
 Dec. 31 2023      -0.18          -0.15          Beat
 Sep. 30 2023      -0.16          -0.15          Beat