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

Shockwave Medical

08/05/2023 22:02

* Shockwave Medical Inc  SWAV.OQ  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of 81 cents per share.
    * Revenue rose 72% to $161.07 million from a year ago;
analysts
expected $147.31 million. 
    * Shockwave Medical Inc's reported EPS for the quarter was
$1.03​.
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Shockwave Medical Inc shares had risen by 33.0% this
quarter and
gained 40.2% so far this year.
    * The company reported quarterly net income of $39.13
million.
    * Wall Street's median 12-month price target for Shockwave
Medical
Inc is $280.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
8 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.44           0.68           Beat