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

iRhythm Holdings

01/08/2024 22:01

* iRhythm Technologies Inc  IRTC.OQ  reported a quarterly
adjusted
loss of 65 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -61 cents.  The mean expectation of twelve analysts for
the quarter was for a loss of 89 cents per share. Wall Street
expected results to range from $-1.05 to -78 cents per share.
    * Revenue rose 19.3% to $148.05 million from a year ago;
analysts
expected $146.21 million. 
    * iRhythm Technologies Inc's reported EPS for the quarter
was a
loss of 65 cents​.
    * The company reported a quarterly loss of $20.11 million.
    * iRhythm Technologies Inc shares had fallen by 19.9% this
quarter and lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 12 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is  "buy."

Wall Street's median 12-month price target for iRhythm
Technologies Inc is $133.00 
This summary was machine generated from LSEG data August 1 at
09:00 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
 Jun. 30 2024      -0.89          -0.65          Beat
 Mar. 31 2024      -0.96          -1.23          Missed
 Dec. 31 2023      -0.59          -1.26          Missed
 Sep. 30 2023      -0.64          -0.89          Missed