Icad Inc Reports Results For The Quarter Ended In December: Earnings Summary

icad

12/03/2024 21:01

* ICAD Inc  ICAD.OQ  reported quarterly adjusted earnings of
5
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of three analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -7 cents to -4 cents per share.
    * Revenue fell 26.9% to $4.74 million from a year ago;
analysts
expected $4.30 million. 
    * ICAD Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $1.36
million.
    * ICAD Inc shares had fallen by 0.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "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 also "buy"

Wall Street's median 12-month price target for ICAD Inc is $3.00
This summary was machine generated from LSEG data March 12 at
09:01 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
 Dec. 31 2023      -0.05          0.05           Beat
 Sep. 30 2023      -0.09          -0.05          Beat
 Jun. 30 2023      -0.11          -0.07          Beat
 Mar. 31 2023      -0.11          -0.15          Missed