Rockwell Medical Inc reports results for the quarter ended in December - Earnings Summary

Rockwell Medical

21/03/2024 11:01

* Rockwell Medical Inc  RMTI.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -20 cents.  The mean expectation of two analysts
for the quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -8 cents to -6 cents per share.
    * Revenue rose 14.4% to $22.09 million from a year ago;
analysts
expected $22.63 million. 
    * Rockwell Medical Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $1.51 million.
    * Rockwell Medical Inc shares had fallen by 12.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Rockwell Medical
Inc is $8.00 
This summary was machine generated from LSEG data March 21 at
11:00 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
 Dec. 31 2023      -0.07          -0.05          Beat
 Sep. 30 2023      -0.10          -0.07          Beat
 Jun. 30 2023      -0.12          -0.18          Missed
 Mar. 31 2023      -0.16          -0.10          Beat