Modular Medical Inc reports results for the quarter ended in December - Earnings Summary

Modular Medical

13/02/2024 23:42

* Modular Medical Inc  MODD.OQ  reported a quarterly
adjusted loss
of 23 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of two analysts
for the quarter was for a loss of 17 cents per share. Wall
Street expected results to range from -18 cents to -17 cents per
share.
    * Reported revenue was zero​; analysts expected zero. 
    * Modular Medical Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * The company reported a quarterly loss of $5.27 million.
    * Modular Medical Inc shares had fallen by 23.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the medical
equipment,
supplies & distribution peer group is  "buy."

Wall Street's median 12-month price target for Modular Medical
Inc is $4.25 
This summary was machine generated from LSEG data February 13 at
11:41 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
 Dec. 31 2023      -0.17          -0.23          Missed
 Sep. 30 2023      -0.21          -0.19          Beat
 Jun. 30 2023      -0.39          -0.22          Beat
 Mar. 31 2023      -0.34          -0.33          Beat