Tactile Systems Technology Inc expected to post a loss of 5 cents a share - Earnings Preview

Tactile Systems Technology

05/08/2023 24:17

* Tactile Systems Technology Inc  TCMD.OQ   TCMD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 7. 
    * The Minneapolis Minnesota-based  company is expected to
report 
a 9.4% increase in revenue to $65.262 million from $59.65
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Tactile Systems
Technology Inc is for a loss of 5 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 $28​, above​ its last closing price of $20.89.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.29       -0.24      -0.09     Beat    62.1
 Dec. 31 2023  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.        -0.31       -0.28      -0.46     Missed  -66.4
 31 2022                                                
 Dec. 31 2021  0.04        0.05       -0.38     Missed  -803.7
                                                        ​
 Sep. 30 2021  0.10        0.12       -0.10     Missed  -183.3
 Jun. 30 2021  0.03        0.01       0.07      Beat    660.9
 This summary was machine generated August 4 at 23:17 GMT.  All
figures in US dollars  unless otherwise stated