LifeMD Inc reports results for the quarter ended in June - Earnings Summary

LifeMD

07/08/2024 23:42

* LifeMD Inc  LFMD.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -23
cents.  The mean expectation of five analysts for the quarter
was for a loss of 12 cents per share. Wall Street expected
results to range from -16 cents to -9 cents per share.
    * Revenue rose 40.9% to $50.66 million from a year ago;
analysts
expected $48.25 million. 
    * LifeMD Inc's reported EPS for the quarter was a loss of 19
cents​.
    * The company reported a quarterly loss of $7.65 million.
    * LifeMD Inc shares had fallen by 15.7% this quarter and
lost 30.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.7%
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 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for LifeMD Inc is
$12.00 
This summary was machine generated from LSEG data August 7 at
10:41 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      -0.12          -0.19          Missed
 Mar. 31 2024      -0.15          -0.19          Missed
 Dec. 31 2023      -0.14          -0.12          Beat
 Sep. 30 2023      -0.15          -0.20          Missed