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

iRhythm Holdings

02/05/2024 23:47

* iRhythm Technologies Inc  IRTC.OQ  reported a quarterly
adjusted
loss of $1.47​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $-1.10.  The mean expectation of twelve analysts for the
quarter was for a loss of 98 cents per share. Wall Street
expected results to range from $-1.31 to -70 cents per share.
    * Revenue rose 18.4% to $131.93 million from a year ago;
analysts
expected $128.41 million. 
    * iRhythm Technologies Inc's reported EPS for the quarter
was a
loss of $1.47​.
    * The company reported a quarterly loss of $45.67 million.
    * iRhythm Technologies Inc shares had fallen by 3.7% this
quarter and gained 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.4%
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 "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 $135.00 
This summary was machine generated from LSEG data May 2 at 10:47
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      -0.98          -1.47          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