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

Tactile Systems Technology

08/05/2023 23:05

* Tactile Systems Technology Inc  TCMD.OQ  reported a
quarterly
adjusted loss of 9 cents​​ per share for the quarter ended in
March. The mean expectation of four analysts for the quarter was
for a loss of 24 cents per share.
    * Revenue rose 22.7% to $58.85 million from a year ago;
analysts
expected $53.93 million. 
    * Tactile Systems Technology Inc's reported EPS for the
quarter
was a loss of 9 cents​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Tactile Systems Technology Inc shares had risen by 13.5%
this
quarter and gained 62.3% so far this year.
    * The company reported a quarterly loss of $1.89 million.
    * Wall Street's median 12-month price target for Tactile
Systems
Technology Inc is $25.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.24          -0.09          Beat
 Dec. 31 2022      0.14           0.23           Beat
 Sep. 30 2022      -0.08          -0.11          Missed
 Jun. 30 2022      -0.14          -0.23          Missed