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

Nephros

08/08/2024 22:49

* Nephros Inc  NEPH.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of two analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue fell 8.3% to $3.25 million from a year ago;
analysts
expected $3.86 million. 
    * Nephros Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $289 thousand.
    * Nephros Inc shares had risen by 1.4% this quarter and
lost 38.2%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the environmental
services & equipment peer group is also "buy"

Wall Street's median 12-month price target for Nephros Inc is
$4.75 
This summary was machine generated from LSEG data August 8 at
09:49 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      -0.01          -0.03          Missed
 Mar. 31 2024      -0.04          -0.02          Beat
 Dec. 31 2023      -0.02          -0.06          Missed
 Sep. 30 2023      -0.06          -0.02          Beat