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

InMode

02/11/2023 16:16

* Inmode Ltd  INMD.OQ  reported quarterly adjusted earnings
of 61
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 66
cents.  The mean expectation of six analysts for the quarter was
for earnings of 64 cents per share. Wall Street expected
results to range from 60 cents to 67 cents per share.
    * Revenue rose 1.6% to $123.11 million from a year ago;
analysts
expected $132.26 million. 
    * Inmode Ltd's reported EPS for the quarter was 54 cents​.
    * The company reported quarterly net income of $46.52
million.
    * Inmode Ltd shares had fallen by 37.5% this quarter and
lost 46.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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
$45.00 
This summary was machine generated from LSEG data November 2 at
04:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.64           0.61           Missed
 Jun. 30 2023      0.64           0.72           Beat
 Mar. 31 2023      0.47           0.52           Beat
 Dec. 31 2022      0.67           0.78           Beat