Iridex Corp Expected To Post A Loss Of 15 Cents A Share: Earnings Preview

IRIDEX

12/08/2022 23:30

* IRIDEX Corp  IRIX.OQ   IRIX.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 15. 
    * The Mountain View California-based  company is expected to
report  a 3.7% increase in revenue to $13.925 million from
$13.43 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 15 cents per share. For the same quarter last year, the
company reported a loss of 7 cents 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 $3.37. ​​​

This summary was machine generated August 12 at 22:30 GMT.  All
figures in US dollars  unless otherwise stated