Inmode Ltd reports results for the quarter ended in January 1 - Earnings Summary

InMode

30/10/2024 15:22

* Inmode Ltd  INMD.OQ  reported quarterly adjusted earnings
of 70
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 61
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 63 cents per share. Wall Street expected
results to range from 57 cents to 73 cents per share.
    * Revenue rose 5.8% to $130.23 million from a year ago;
analysts
expected $127.00 million. 
    * Inmode Ltd's reported EPS for the quarter was 65 cents​.
    * The company reported quarterly net income of $50.99
million.
    * Inmode Ltd shares had risen by 5.7% this quarter and
lost 19.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 30.4%
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," 4
"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
$20.00 
This summary was machine generated from LSEG data October 30 at
03:21 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
 Sep. 30 2024      0.63           0.70           Beat
 Jun. 30 2024      0.38           0.34           Missed
 Mar. 31 2024      0.41           0.32           Missed
 Dec. 31 2023      0.67           0.71           Beat