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

IRIDEX

09/08/2023 03:04

* IRIDEX Corp  IRIX.OQ   IRIX.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 10. 
    * The Mountain View California-based  company is expected to
report  a 3.5% increase in revenue to $14.231 million from
$13.76 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. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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
$4.63​, above​ its last closing price of $1.98. ​​​

This summary was machine generated August 9 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated