Tactile Systems Technology Inc expected to post earnings of 22 cents a share - Earnings Preview

Tactile Systems Technology

16/02/2024 13:49

* Tactile Systems Technology Inc  TCMD.OQ   TCMD.O  is
expected
to show a rise in quarterly revenue when it reports  results on
February 20 for the period ending December 31 2023
    * The Minneapolis Minnesota-based  company is expected to
report a
6.0% increase in revenue to $78.365 million from $73.9 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Tactile Systems
Technology Inc
is for earnings of 22 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 $23.00​, above​ its last closing price
of $15.28. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.04        0.04       0.94      Beat    2,463.
                                                        4
 Jun. 30 2023  -0.06       -0.05      0.00      Beat    100
 Mar. 31 2023  -0.29       -0.24      -0.09     Beat    62.1​
 Dec. 31 2022  0.15        0.14       0.23      Beat    60.5
 ​​Sep.        -0.09       -0.08      -0.11     Missed  -29.4
 30 2022                                                
 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. 31 2021  0.04        0.05       -0.38     Missed  -803.7
 This summary was machine generated February 16 at 13:49 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)