Ontrak Inc reports results for the quarter ended in December - Earnings Summary

Ontrak

16/04/2024 22:49

* Ontrak Inc  OTRK.OQ  reported a quarterly adjusted loss
of 29
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-2.52.  The lone analyst forecast for the quarter was for a
loss of 21 cents per share. 
    * Revenue rose 41% to $3.54 million from a year ago;
analysts
expected $4.04 million. 
    * Ontrak Inc's reported EPS for the quarter was a loss of 29
cents​.
    * The company reported a quarterly loss of $8.63 million.
    * Ontrak Inc shares had fallen by 13.1% this quarter and
gained 9.7% 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Ontrak Inc is
$4.00 
This summary was machine generated from LSEG data April 16 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
 Dec. 31 2023      -0.21          -0.29          Missed