IRadimed Corp expected to post earnings of 40 cents a share - Earnings Preview

IRADIMED

29/01/2024 14:04

* IRadimed Corp  IRMD.OQ   IRMD.O  is expected to show a
rise in
quarterly revenue when it reports  results on January 31
(estimated) for the period ending December 31 2023
    * The Winter Springs Florida-based  company is expected to
report
a 16.6% increase in revenue to $17.331 million from $14.86
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on November
3 2023, for the period ended December 31, was for revenue
between $16.90 million and $17.40 million.
    * ​LSEG's mean analyst estimate for IRadimed Corp is for
earnings
of 40 cents per share. The company's EPS guidance on November 3
2023, for the period ended December 31, was between $0.38 and
$0.41 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for IRadimed
Corp is
$58.00​, above​ its last closing price of $43.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.36        0.36       0.43      Beat    18.4
 Jun. 30 2023  0.30        0.31       0.36      Beat    16.1
 Mar. 31 2023  0.28        0.28       0.30      Beat    5.9​
 Dec. 31 2022  0.30        0.30       0.32      Beat    6.7
 ​​Sep.        0.25        0.25       0.29      Beat    18.4
 30 2022                                                
 Jun. 30 2022  0.24        0.24       0.26      Beat    10.6​
 Mar. 31 2022  0.21        0.21       0.22      Beat    7.3
 Dec. 31 2021  0.21        0.21       0.33      Beat    57.1
 This summary was machine generated January 29 at 14:04 GMT.  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)