Iridex Corp Expected To Post A Loss Of 11 Cents A Share: Earnings Preview

IRIDEX

08/03/2022 23:11

* IRIDEX Corp  IRIX.OQ   IRIX.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 10. 
    * The Mountain View California-based  company is expected to
report  a 19.4% increase in revenue to $14.688 million from
$12.3 million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for IRIDEX Corp is for
a loss
of 11 cents per share. For the same quarter last year, the
company reported a loss of 1 cent per share.
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "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 IRIDEX Corp
is
$9.75​, above​ its last closing price of $4.36. ​​​

This summary was machine generated March 8 at 23:11 GMT.  All
figures in US dollars  unless otherwise stated