Tactile Systems Technology Inc expected to post a loss of 11 cents a share - Earnings Preview

Tactile Systems Technology

04/05/2024 03:02

* Tactile Systems Technology Inc  TCMD.OQ   TCMD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 6 for the period ending March 31 2024
    * The Minneapolis Minnesota-based  company is expected to
report a
0.6% increase in revenue to $59.175 million from $58.85 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on April 23 2024, for
the period ended March 31, was for revenue of $61.000 million.
    * ​LSEG's mean analyst estimate for Tactile Systems
Technology Inc
is for a loss of 11 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Tactile
Systems
Technology Inc is $20.00​, above​ its last closing price
of $14.28. ​​​

This summary was machine generated May 4 at 02:01 GMT.  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)