Outset Medical Inc expected to post a loss of 45 cents a share - Earnings Preview

Outset Medical

06/08/2024 03:56

* Outset Medical Inc  OM.OQ   OM.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The San Jose California-based  company is expected to
report a
13.5% decrease in revenue to $31.187 million from $36.04 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $31.00 million and
$33.00 million.
    * ​LSEG's mean analyst estimate for Outset Medical Inc is
for a
loss of 45 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "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 Outset
Medical
Inc is $6.00​, above​ its last closing price of $3.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.56       -0.55      -0.57     Missed  -3.9
 Jan. 1 2024   -0.61       -0.61      -0.59     Beat    4.1
 Sep. 30 2023  -0.67       -0.67      -0.71     Missed  -6.5​
 Jan. 1 0001   -0.84       -0.76      -0.90     Missed  -18
 ​​Mar.        -0.78       -0.74      -0.90     Missed  -21.3
 31 2023                                                
 Dec. 31 2022  -0.91       -0.86      -0.86     Met     0​
 Sep. 30 2022  -0.84       -0.81      -0.85     Missed  -4.9
 Jun. 30 2022  -0.68       -0.70      -0.92     Missed  -31.8
 This summary was machine generated August 6 at 02:56 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)