Procept Biorobotics Corp reports results for the quarter ended in June - Earnings Summary

PROCEPT BioRobotics

01/08/2024 22:58

* Procept Biorobotics Corp  PRCT.OQ  reported a quarterly
adjusted
loss of 50 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -56 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 52 cents per
share. Wall Street expected results to range from -55 cents
to -50 cents per share.
    * Revenue rose 61.2% to $53.35 million from a year ago;
analysts
expected $50.16 million. 
    * Procept Biorobotics Corp's reported EPS for the quarter
was a
loss of 50 cents​.
    * The company reported a quarterly loss of $25.63 million.
    * Procept Biorobotics Corp shares had risen by 3.7% this
quarter and gained 51.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 8 "strong buy" or "buy," 1
"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 Procept
Biorobotics Corp is $75.00 
This summary was machine generated from LSEG data August 1 at
09:58 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
 Jun. 30 2024      -0.52          -0.50          Beat
 Mar. 31 2024      -0.56          -0.51          Beat
 Dec. 31 2023      -0.44          -0.54          Missed
 Sep. 30 2023      -0.51          -0.51          Met