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

Inspire Medical Systems

06/08/2024 23:01

* Inspire Medical Systems Inc  INSP.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -41 cents.  The mean expectation of
eighteen analysts for the quarter was for a loss of 14 cents per
share. Wall Street expected results to range from -39 cents
to -2 cents per share.
    * Revenue rose 29.6% to $195.89 million from a year ago;
analysts
expected $189.46 million. 
    * Inspire Medical Systems Inc's reported EPS for the quarter
was
32 cents​.
    * The company reported quarterly net income of $9.79
million.
    * Inspire Medical Systems Inc shares had risen by 8.7% this
quarter and lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 34% 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 12 "strong buy" or "buy," 7
"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 $225.00 
This summary was machine generated from LSEG data August 6 at
10:01 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
 Jun. 30 2024      -0.14          0.32           Beat
 Mar. 31 2024      -0.65          -0.34          Beat
 Dec. 31 2023      -0.09          0.49           Beat
 Sep. 30 2023      -0.58          -0.29          Beat