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

Orthopediatrics

06/05/2024 23:26

* OrthoPediatrics Corp  KIDS.OQ  reported a quarterly
adjusted
loss of 34 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -30 cents.  The mean expectation of seven analysts for
the quarter was for a loss of 40 cents per share. Wall Street
expected results to range from -53 cents to -27 cents per share.
    * Revenue rose 41.5% to $44.69 million from a year ago;
analysts
expected $41.77 million. 
    * OrthoPediatrics Corp's reported EPS for the quarter was a
loss
of 34 cents​.
    * The company reported a quarterly loss of $7.81 million.
    * OrthoPediatrics Corp shares had risen by 12.6% this
quarter and
gained 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for OrthoPediatrics
Corp is $38.50 
This summary was machine generated from LSEG data May 6 at 10:26
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      -0.40          -0.34          Beat
 Dec. 31 2023      -0.28          -0.29          Missed
 Sep. 30 2023      -0.23          -0.20          Beat
 Jun. 30 2023      -0.22          -0.13          Beat