Nevro Corp reports results for the quarter ended in March - Earnings Summary

Nevro

07/05/2024 22:01

* Nevro Corp  NVRO.N  reported a quarterly adjusted loss
of 70
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -98
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of $1.05 per share. Wall Street expected
results to range from $-1.26 to -77 cents per share.
    * Revenue rose 5.8% to $101.90 million from a year ago;
analysts
expected $97.89 million. 
    * The company reported a quarterly loss of $25.41 million.
    * Nevro Corp shares had fallen by 22.8% this quarter and
lost 48.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 13
"hold" and 4 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Nevro Corp
is
$16.00 

This summary was machine generated from LSEG data May 7 at 09:01
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
 Mar. 31 2024      -1.05          -0.70          Beat
 Dec. 31 2023      -0.49          -0.25          Beat
 Sep. 30 2023      -0.77          -0.65          Beat
 Jun. 30 2023      -0.69          -0.69          Met