Tactile Systems Technology Inc reports results for the quarter ended in December - Earnings Summary

Tactile Systems Technology

20/02/2024 14:31

* Tactile Systems Technology Inc  TCMD.OQ  reported
quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 23 cents.  The mean expectation of
four analysts for the quarter was for earnings of 22 cents per
share. Wall Street expected results to range from 14 cents to 32
cents per share.
    * Revenue rose 5.1% to $77.65 million from a year ago;
analysts
expected $78.36 million. 
    * Tactile Systems Technology Inc's reported EPS for the
quarter
was 35 cents​.
    * The company reported quarterly net income of $8.2 million.
    * Tactile Systems Technology Inc shares had risen by 2.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Tactile
Systems
Technology Inc is $23.00 

This summary was machine generated from LSEG data February 20 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.22           0.35           Beat
 Sep. 30 2023      0.04           0.94           Beat
 Jun. 30 2023      -0.05          0.00           Beat
 Mar. 31 2023      -0.24          -0.09          Beat