Inmode Ltd reports results for the quarter ended in December - Earnings Summary

InMode

13/02/2024 14:31

* Inmode Ltd  INMD.OQ  reported quarterly adjusted earnings
of 71
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 78
cents.  The mean expectation of six analysts for the quarter was
for earnings of 67 cents per share. Wall Street expected
results to range from 61 cents to 68 cents per share.
    * Revenue fell 5.1% to $126.78 million from a year ago;
analysts
expected $125.04 million. 
    * Inmode Ltd's reported EPS for the quarter was 64 cents​.
    * The company reported quarterly net income of $55.17
million.
    * Inmode Ltd shares had risen by 19.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 3 "strong buy" or "buy," 3
"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 Inmode Ltd is
$30.00 
This summary was machine generated from LSEG data February 13 at
02:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.67           0.71           Beat
 Sep. 30 2023      0.64           0.61           Missed
 Jun. 30 2023      0.64           0.72           Beat
 Mar. 31 2023      0.47           0.52           Beat