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

Shockwave Medical

15/02/2024 22:41

* Shockwave Medical Inc  SWAV.OQ  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.18.  The mean expectation of eleven analysts for the
quarter was for earnings of 89 cents per share. Wall Street
expected results to range from 82 cents to $1.17 per share.
    * Revenue rose 40.9% to $202.98 million from a year ago;
analysts
expected $199.45 million. 
    * Shockwave Medical Inc's reported EPS for the quarter was
$1.16​.
    * The company reported quarterly net income of $44.31
million.
    * Shockwave Medical Inc shares had risen by 21.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
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," 2
"hold" and 1 "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 Shockwave Medical
Inc is $230.00 
This summary was machine generated from LSEG data February 15 at
10:41 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
 Dec. 31 2023      0.89           1.16           Beat
 Sep. 30 2023      0.79           0.92           Beat
 Jun. 30 2023      0.86           0.76           Missed
 Mar. 31 2023      0.81           1.03           Beat