Inari Medical Inc reports results for the quarter ended in December - Earnings Summary

Inari Medical

29/02/2024 18:13

* Inari Medical Inc  NARI.OQ  reported a quarterly adjusted
loss
of 8 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -11 cents.  The mean expectation of ten analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -6 cents to 8 cents per share.
    * Revenue rose 22.6% to $132.09 million from a year ago;
analysts
expected $131.79 million. 
    * Inari Medical Inc's reported EPS for the quarter was a
loss of 8
cents​.
    * The company reported a quarterly loss of $4.67 million.
    * Inari Medical Inc shares had fallen by 10.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 66.3%
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 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Inari Medical Inc
is $74.50 
This summary was machine generated from LSEG data February 29 at
06:13 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      0.01           -0.08          Missed
 Sep. 30 2023      0.00           0.05           Beat
 Jun. 30 2023      -0.13          0.04           Beat
 Mar. 31 2023      -0.23          -0.04          Beat