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

Inspire Medical Systems

07/05/2024 22:23

* Inspire Medical Systems Inc  INSP.N  reported a quarterly
adjusted loss of 34 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -53 cents.  The mean expectation of
eighteen analysts for the quarter was for a loss of 65 cents per
share. Wall Street expected results to range from -85 cents
to -41 cents per share.
    * Revenue rose 28.2% to $164.01 million from a year ago;
analysts
expected $161.44 million. 
    * Inspire Medical Systems Inc's reported EPS for the quarter
was a
loss of 34 cents​.
    * The company reported a quarterly loss of $10.01 million.
    * Inspire Medical Systems Inc shares had risen by 16.8% this
quarter and gained 23.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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 13 "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 $265.00 
This summary was machine generated from LSEG data May 7 at 09:22
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
 Mar. 31 2024      -0.65          -0.34          Beat
 Dec. 31 2023      -0.09          0.49           Beat
 Sep. 30 2023      -0.58          -0.29          Beat
 Jun. 30 2023      -0.57          -0.41          Beat