Outset Medical Inc reports results for the quarter ended in June - Earnings Summary

Outset Medical

02/08/2023 22:45

* Outset Medical Inc  OM.OQ  reported a quarterly adjusted
loss
of 90 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 78
cents per share.
    * Revenue rose 43.8% to $36.04 million from a year ago;
analysts
expected $34.79 million. 
    * Outset Medical Inc's reported EPS for the quarter was a
loss
of 90 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Outset Medical Inc shares had fallen by 6.9% this
quarter and
lost 21.1% so far this year.
    * The company reported a quarterly loss of $44.05 million.
    * Wall Street's median 12-month price target for Outset
Medical
Inc is $32.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.78          -0.90          Missed
 Mar. 31 2023      -0.74          -0.90          Missed
 Dec. 31 2022      -0.86          -0.86          Met
 Sep. 30 2022      -0.81          -0.85          Missed