Koru Medical Systems Inc Reports Results For The Quarter Ended September 30: Earnings Summary

Koru Medical Systems

14/11/2024 04:16

* KORU Medical Systems Inc  KRMD.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended September 30,
identical to the same quarter last year.  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 -3
cents per share.
    * Revenue rose 16.8% to $8.18 million from a year ago;
analysts
expected $7.68 million. 
    * KORU Medical Systems Inc's reported EPS for the quarter
was a
loss of 3 cents​.
    * The company reported a quarterly loss of $1.58 million.
    * KORU Medical Systems Inc shares had risen by 8.8% this
quarter and gained 21.0% 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 November 14 at
04:15 a.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
 Sep. 30 2024      -0.04          -0.03          Beat
 Jun. 30 2024      -0.04          -0.02          Beat
 Mar. 31 2024      -0.04          -0.02          Beat
 Dec. 31 2023      -0.04          -0.03          Beat