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

Outset Medical

09/05/2024 12:46

* Outset Medical Inc  OM.OQ  reported a quarterly adjusted
loss
of 78 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -90 cents.  The mean expectation of eight analysts for the
quarter was for a loss of 55 cents per share. Wall Street
expected results to range from -62 cents to -44 cents per share.
    * Revenue fell 15.8% to $28.17 million from a year ago;
analysts
expected $30.34 million. 
    * Outset Medical Inc's reported EPS for the quarter was a
loss
of 78 cents​.
    * The company reported a quarterly loss of $39.94 million.
    * Outset Medical Inc shares had risen by 86.0% this
quarter and
lost 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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 4 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Outset
Medical
Inc is $6.00 

This summary was machine generated from LSEG data May 9 at 11:45
a.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      -0.55          -0.78          Missed
 Dec. 31 2023      -0.61          -0.59          Beat
 Sep. 30 2023      -0.67          -0.71          Missed
 Jun. 30 2023      -0.76          -0.90          Missed