Imac Holdings Inc Reports Results For The Quarter Ended In September: Earnings Summary

Imac Holdings

22/11/2023 06:49

* IMAC Holdings Inc  BACK.OQ  reported a quarterly adjusted
loss
of $2.63​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $-6.90.  The lone analyst forecast for the quarter was for a
loss of 60 cents per share. 
    * Revenue fell 58.6% to $1.57 million from a year ago;
analysts
expected $1.30 million. 
    * IMAC Holdings Inc's reported EPS for the quarter was a
loss of
$2.63​.
    * The company reported a quarterly loss of $2.91 million.
    * IMAC Holdings Inc shares had fallen by 24.3% this
quarter and
lost 74.6% so far this year.

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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for IMAC Holdings Inc
is $34.50 
This summary was machine generated from LSEG data November 22 at
06:48 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.60          -2.63          Missed
 Jun. 30 2023      -0.90          -1.20          Missed
 Mar. 31 2023      -1.50          -3.30          Missed
 Dec. 31 2022      -2.10          -6.90          Missed