Biolase Inc Expected To Post A Loss Of 64 Cents A Share: Earnings Preview

November 26

24/03/2023 21:15

* BIOLASE Inc  BIOL.OQ   BIOL.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 28. 
    * The Foothill Ranch California-based  company is expected
to
report  a 13.4% increase in revenue to $14.068 million from
$12.41 million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
January 18 2023, for the period ended December 31, was for
revenue between $14.00 million and $14.40 million.
    * ​Refinitiv's mean analyst estimate for BIOLASE Inc is for
a loss
of 64 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$3.5​, above​ its last closing price of $0.37. ​​​

The company's guidance on May 12 2022 for the period ended
December 31 was for gross profit margin between USD50% and
USD52%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.85       -0.84      -1.10     Missed  -30.4
 Jun. 30 2022  -0.64       -0.62      -0.91     Missed  -46.2
 Mar. 31 2022  -0.79       -0.68      -0.81     Missed  -19.1​
 Dec. 31 2021              -0.62      -0.75     Missed  -20
 ​​Sep.        -0.62       -0.69      -0.50     Beat    27.3
 30 2021                                                
 Jun. 30 2021  -1.13       -1.08      -0.50     Beat    53.8​
 Mar. 31 2021  -1.25       -1.25      -1.50     Missed  -20
 Dec. 31 2020  -1.00       -0.92      -1.75     Missed  -90.9
 This summary was machine generated March 24 at 21:15 GMT.  All
figures in US dollars  unless otherwise stated