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

Shockwave Medical

07/05/2024 04:29

* Shockwave Medical Inc  SWAV.OQ  reported quarterly
adjusted
earnings of $1.44​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $1.03.  The mean expectation of twelve analysts
for the quarter was for earnings of 98 cents per share. Wall
Street expected results to range from 83 cents to $1.24 per
share.
    * Revenue rose 35.8% to $218.81 million from a year ago;
analysts
expected $207.69 million. 
    * Shockwave Medical Inc's reported EPS for the quarter was
$1.44​.
    * The company reported quarterly net income of $55.35
million.
    * Shockwave Medical Inc shares had risen by 1.5% this
quarter and
gained 73.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Shockwave Medical
Inc is $335.00 
This summary was machine generated from LSEG data May 7 at 03:29
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
 Mar. 31 2024      0.98           1.44           Beat
 Dec. 31 2023      0.89           1.16           Beat
 Sep. 30 2023      0.79           0.92           Beat
 Jun. 30 2023      0.86           0.76           Missed