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

Neuronetics

08/08/2023 14:34

* Neuronetics Inc  STIM.OQ  reported a quarterly adjusted
loss
of 17 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 35 cents per share.
    * Revenue rose 7.8% to $17.61 million from a year ago;
analysts
expected $17.38 million. 
    * Neuronetics Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Neuronetics Inc shares had fallen by 11.6% this
quarter and
lost 72.3% so far this year.
    * The company reported a quarterly loss of $4.9 million.
    * Wall Street's median 12-month price target for Neuronetics
Inc
is $7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.35          -0.17          Beat
 Mar. 31 2023      -0.39          -0.38          Beat
 Dec. 31 2022      -0.38          -0.30          Beat
 Sep. 30 2022      -0.42          -0.28          Beat