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

Hyperfine

13/05/2024 23:09

* Hyperfine Inc  HYPR.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of three analysts for the quarter
was for a loss of 15 cents per share. Wall Street expected
results to range from -16 cents to -14 cents per share.
    * Revenue rose 54.5% to $3.30 million from a year ago;
analysts
expected $3.05 million. 
    * Hyperfine Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $9.85 million.
    * Hyperfine Inc shares had fallen by 21.0% this quarter and
lost 29.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
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 May 13 at
10:09 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
 Mar. 31 2024      -0.15          -0.14          Beat
 Dec. 31 2023      -0.18          -0.15          Beat
 Sep. 30 2023      -0.16          -0.15          Beat
 Jun. 30 2023      -0.16          -0.15          Beat