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

Modular Medical

14/08/2024 14:31

* Modular Medical Inc  MODD.OQ  reported a quarterly
adjusted loss
of 12 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -22 cents.  The lone analyst forecast for the quarter was
for a loss of 20 cents per share. 
    * Reported revenue was zero​; analysts expected $100.00
thousand. 
    * Modular Medical Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $4.14 million.
    * Modular Medical Inc shares had risen by 4.4% this
quarter and
lost 9.3% 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
"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 August 14 at
01:30 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      -0.20          -0.12          Beat
 Mar. 31 2024      -0.17          -0.14          Beat
 Dec. 31 2023      -0.17          -0.23          Missed
 Sep. 30 2023      -0.21          -0.19          Beat