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

Inari Medical

02/11/2023 01:35

* Inari Medical Inc  NARI.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -19 cents.  The mean expectation of
nine analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -7 cents to 5
cents per share.
    * Revenue rose 31.4% to $126.37 million from a year ago;
analysts
expected $121.92 million. 
    * Inari Medical Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $3.16
million.
    * Inari Medical Inc shares had fallen by 7.2% this
quarter and
lost 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 8 "strong buy" or "buy," 1
"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 $84.50 
This summary was machine generated from LSEG data November 2 at
01:35 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.17          -0.11          Beat