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

iRhythm Holdings

23/02/2024 03:02

* iRhythm Technologies Inc  IRTC.OQ  reported a quarterly
adjusted
loss of $1.26​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -67 cents.  The mean expectation of twelve analysts for
the quarter was for a loss of 60 cents per share. Wall Street
expected results to range from -81 cents to -25 cents per share.
    * Revenue rose 17.7% to $132.51 million from a year ago;
analysts
expected $130.24 million. 
    * iRhythm Technologies Inc's reported EPS for the quarter
was a
loss of $1.26​.
    * The company reported a quarterly loss of $38.7 million.
    * iRhythm Technologies Inc shares had risen by 4.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 11 "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 iRhythm
Technologies Inc is $125.00 
This summary was machine generated from LSEG data February 23 at
03:01 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
 Dec. 31 2023      -0.60          -1.26          Missed
 Sep. 30 2023      -0.66          -0.89          Missed
 Jun. 30 2023      -0.78          -0.61          Beat
 Mar. 31 2023      -0.90          -1.10          Missed