Koru Medical Systems Inc Reports Results For The Quarter Ended In June: Earnings Summary

Koru Medical Systems

07/08/2024 23:29

* KORU Medical Systems Inc  KRMD.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of five analysts
for the quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -5 cents to -4 cents per share.
    * Revenue rose 21.5% to $8.43 million from a year ago;
analysts
expected $7.57 million. 
    * KORU Medical Systems Inc's reported EPS for the quarter
was a
loss of 2 cents​.
    * The company reported a quarterly loss of $988.72 thousand.
    * KORU Medical Systems Inc shares had fallen by 15.5% this
quarter and lost 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for KORU Medical
Systems Inc is $4.00 
This summary was machine generated from LSEG data August 7 at
10:29 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.04          -0.02          Beat
 Mar. 31 2024      -0.04          -0.02          Beat
 Dec. 31 2023      -0.04          -0.03          Beat
 Sep. 30 2023      -0.05          -0.03          Beat