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

Inspire Medical Systems

06/02/2024 22:02

* Inspire Medical Systems Inc  INSP.N  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
sixteen analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -35 cents
to 18 cents per share.
    * Revenue rose 39.6% to $192.51 million from a year ago;
analysts
expected $187.24 million. 
    * Inspire Medical Systems Inc's reported EPS for the quarter
was
49 cents​.
    * The company reported quarterly net income of $14.76
million.
    * Inspire Medical Systems Inc shares had risen by 6.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 60.3%
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 10 "strong buy" or "buy," 6
"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 Inspire Medical
Systems Inc is $241.00 
This summary was machine generated from LSEG data February 6 at
10:02 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      -0.09          0.49           Beat
 Sep. 30 2023      -0.58          -0.29          Beat
 Jun. 30 2023      -0.57          -0.41          Beat
 Mar. 31 2023      -0.66          -0.53          Beat