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

Tactile Systems Technology

05/08/2024 22:02

* Tactile Systems Technology Inc  TCMD.OQ  reported
quarterly
adjusted earnings of 18 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The mean
expectation of four analysts for the quarter was for earnings of
12 cents per share. Wall Street expected results to range from 6
cents to 16 cents per share.
    * Revenue fell 6% to $64.27 million from a year ago;
analysts
expected $72.80 million. 
    * Tactile Systems Technology Inc's reported EPS for the
quarter
was 18 cents​.
    * The company reported quarterly net income of $4.3 million.
    * Tactile Systems Technology Inc shares had risen by 2.7%
this
quarter and lost 14.3% so far this year.

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." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "strong buy"

Wall Street's median 12-month price target for Tactile Systems
Technology Inc is $20.00 
This summary was machine generated from LSEG data August 5 at
09:02 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
 Jun. 30 2024      0.12           0.18           Beat
 Mar. 31 2024      0.19           -0.08          Missed
 Dec. 31 2023      0.19           0.35           Beat
 Sep. 30 2023      0.03           0.94           Beat