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

Tactile Systems Technology

06/05/2024 22:02

* Tactile Systems Technology Inc  TCMD.OQ  reported a
quarterly
adjusted loss of 9 cents​​ per share for the quarter ended in
March, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for a loss
of 11 cents per share. Wall Street expected results to range
from -18 cents to -4 cents per share.
    * Revenue fell 9.4% to $53.31 million from a year ago;
analysts
expected $59.18 million. 
    * Tactile Systems Technology Inc's reported EPS for the
quarter
was a loss of 9 cents​.
    * The company reported a quarterly loss of $2.21 million.
    * Tactile Systems Technology Inc shares had fallen by 12.2%
this
quarter and lost 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.1%
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 $20.00 

This summary was machine generated from LSEG data May 6 at 09:01
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
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      0.19           0.35           Beat
 Sep. 30 2023      0.03           0.94           Beat
 Jun. 30 2023      -0.05          0.00           Beat