Sanara Medtech Inc reports results for the quarter ended in June - Earnings Summary

Sanara MedTech

13/08/2024 02:28

* Sanara Medtech Inc  SMTI.OQ  reported a quarterly adjusted
loss
of 41 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -22 cents.  The lone analyst forecast for the quarter was
for a loss of 21 cents per share. 
    * Revenue rose 28% to $20.16 million from a year ago;
analysts
expected $19.10 million. 
    * Sanara Medtech Inc's reported EPS for the quarter was a
loss
of 41 cents​.
    * The company reported a quarterly loss of $3.5 million.
    * Sanara Medtech Inc shares had fallen by 1.2% this
quarter and
lost 32.2% so far this year.

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 1 "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 Sanara Medtech
Inc is $44.00 
This summary was machine generated from LSEG data August 13 at
01:28 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
 Jun. 30 2024      -0.21          -0.41          Missed
 Mar. 31 2024      -0.07          -0.21          Missed
 Dec. 31 2023      -0.13          -0.03          Beat
 Sep. 30 2023      0.00           -0.13          Missed