Inari Medical Inc reports results for the quarter ended in September 30 - Earnings Summary

Inari Medical

29/10/2024 02:47

* Inari Medical Inc  NARI.OQ  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of fifteen analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -18 cents to -2 cents per share.
    * Revenue rose 21.4% to $153.39 million from a year ago;
analysts
expected $150.67 million. 
    * Inari Medical Inc's reported EPS for the quarter was a
loss
of 31 cents​.
    * The company reported a quarterly loss of $18.37 million.
    * Inari Medical Inc shares had risen by 6.0% this
quarter and
lost 32.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 11 "strong buy" or "buy," 5
"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 $65.50 
This summary was machine generated from LSEG data October 29 at
02:47 a.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      -0.11          -0.09          Beat
 Jun. 30 2024      -0.15          -0.38          Missed
 Mar. 31 2024      -0.20          -0.22          Missed
 Dec. 31 2023      0.01           -0.08          Missed