Biolase Inc Expected To Post A Loss Of $2.55 A Share: Earnings Preview

November 26

19/03/2024 21:29

* BIOLASE Inc  BIOL.OQ   BIOL.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 21 for the
period ending December 31 2023
    * The Foothill Ranch California-based  company is expected
to
report a 3.6% decrease in revenue to $13.549 million from $14.05
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for BIOLASE Inc is for a
loss of
$2.55 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for BIOLASE Inc
is
$8.75​, above​ its last closing price of $0.14. ​​​

The company's guidance on May 11 2023 for the period ended
December 31 was for gross profit margin of 50%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -1.85       -1.85      -3.89     Missed  -110.3
 Jun. 30 2023  -4.00       -5.33      -8.24     Missed  -54.5
 Mar. 31 2023  -21.31      -19.67     -18.00    Beat    8.5​
 Dec. 31 2022  -64.18      -63.67     -1.28     Missed  -101
                                      hundred           
 ​​Sep.        -84.76      -84.33     -1.10     Missed  -30.4
 30 2022                              hundred           
 Jun. 30 2022  -63.50      -62.25     -91.00    Missed  -46.2​
 Mar. 31 2022  -79.00      -68.00     -81.00    Missed  -19.1
 Dec. 31 2021              -62.50     -75.00    Missed  -20
 This summary was machine generated March 19 at 21:29 GMT.  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)