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

Shockwave Medical

07/08/2023 23:02

* Shockwave Medical Inc  SWAV.OQ  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 86 cents per share.
    * Revenue rose 49.2% to $180.17 million from a year ago;
analysts
expected $173.77 million. 
    * Shockwave Medical Inc's reported EPS for the quarter was
76
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Shockwave Medical Inc shares had fallen by 11.8% this
quarter and gained 22.4% so far this year.
    * The company reported quarterly net income of $28.86
million.
    * Wall Street's median 12-month price target for Shockwave
Medical
Inc is $312.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.86           0.76           Missed
 Mar. 31 2023      0.81           1.03           Beat
 Dec. 31 2022      1.01           1.18           Beat
 Sep. 30 2022      0.67           0.92           Beat