Procept Biorobotics Corp reports results for the quarter ended in September 30 - Earnings Summary

PROCEPT BioRobotics

28/10/2024 19:53

* Procept Biorobotics Corp  PRCT.OQ  reported a quarterly
adjusted
loss of 40 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -51 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 49 cents per
share. Wall Street expected results to range from -51 cents
to -44 cents per share.
    * Revenue rose 66.3% to $58.37 million from a year ago;
analysts
expected $53.18 million. 
    * Procept Biorobotics Corp's reported EPS for the quarter
was a
loss of 40 cents​.
    * The company reported a quarterly loss of $20.97 million.
    * Procept Biorobotics Corp shares had fallen by 14.2% this
quarter and gained 64.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 94.50 
This summary was machine generated from LSEG data October 28 at
07:53 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
 Sep. 30 2024      -0.49          -0.40          Beat
 Jun. 30 2024      -0.52          -0.50          Beat
 Mar. 31 2024      -0.56          -0.51          Beat
 Dec. 31 2023      -0.44          -0.54          Missed