Iridex Corp Expected To Post A Loss Of 5 Cents A Share: Earnings Preview

IRIDEX

22/03/2024 20:21

* IRIDEX Corp  IRIX.OQ   IRIX.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 26 for the
period ending December 31 2023
    * The Mountain View California-based  company is expected to
report a 1.9% decrease in revenue to $14.9 million from $15.2
million a year ago, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for IRIDEX Corp is for a
loss of 5
cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * 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
$2.00​, below​ its last closing price of $2.47. ​​​

This summary was machine generated March 22 at 20:21 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)