Icecure Medical Ltd ICCM.OQ reported a quarterly adjusted loss of 6 cents per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of two analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -6 cents per share.
Revenue fell 48.1% to $525.00 thousand from a year ago; analysts expected $662.50 thousand.
Icecure Medical Ltd's reported EPS for the quarter was a loss of 12 cents.
The company reported a quarterly loss of $3.36 million.
Icecure Medical Ltd shares had fallen by 17.6% this quarter and lost 25.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged 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 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 Icecure Medical Ltd is $3.00, about 72.7% above its last closing price of $0.82
This summary was machine generated from LSEG data August 13 at 01:31 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)