Tactile Systems Technology Inc expected to post a loss of 24 cents a share - Earnings Preview

Tactile Systems Technology

06/05/2023 03:08

* Tactile Systems Technology Inc  TCMD.OQ   TCMD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 8. 
    * The Minneapolis Minnesota-based  company is expected to
report 
a 12.4% increase in revenue to $53.933 million from $47.98
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
February 21 2023, for the period ended March 31, was for revenue
between $52.78 million and $55.17 million.
    * ​Refinitiv's mean analyst estimate for Tactile Systems
Technology Inc is for a loss of 24 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 $25​, above​ its last closing price of $18.63.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.15        0.14       0.23      Beat    60.5
 Sep. 30 2022  -0.09       -0.08      -0.11     Missed  -29.4
 Jun. 30 2022  -0.14       -0.14      -0.23     Missed  -69.1​
 Mar. 31 2022  -0.31       -0.28      -0.46     Missed  -66.4
 ​​Dec.        0.04        0.05       -0.38     Missed  -803.7
 31 2021                                                
 Sep. 30 2021  0.10        0.12       -0.10     Missed  -183.3
                                                        ​
 Jun. 30 2021  0.03        0.01       0.07      Beat    660.9
 Mar. 31 2021  -0.16       -0.15      -0.07     Beat    54.5
 This summary was machine generated May 6 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated