Rockwell Medical Inc expected to post a loss of 7 cents a share - Earnings Preview

Rockwell Medical

19/03/2024 10:03

* Rockwell Medical Inc  RMTI.OQ   RMTI.O  is expected
to show a
rise in quarterly revenue when it reports  results on March 21
for the period ending December 31 2023
    * The Wixom Michigan-based  company is expected to report a
17.2% increase in revenue to $22.634 million from $19.31 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on January 8 2024, for
the period ended December 31, was for revenue between $21.30
million and $22.30 million.
    * ​LSEG's mean analyst estimate for Rockwell Medical Inc is
for a
loss of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "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 Rockwell
Medical
Inc is $8.00​, above​ its last closing price of $1.39. ​​​

The company's guidance on January 8 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 21.3 million and 100
thousand (USD).
This summary was machine generated March 19 at 10:02 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)