Tactile Systems Technology Inc reports results for the quarter ended in September 30 - Earnings Summary

Tactile Systems Technology

05/11/2024 07:47

* Tactile Systems Technology Inc  TCMD.OQ  reported
quarterly
adjusted earnings of 21 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 94 cents.  The mean expectation of
five analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 16 cents to 19
cents per share.
    * Revenue fell 9.2% to $63.17 million from a year ago;
analysts
expected $76.01 million. 
    * Tactile Systems Technology Inc's reported EPS for the
quarter
was 21 cents​.
    * The company reported quarterly net income of $5.16
million.
    * Tactile Systems Technology Inc shares had risen by 3.4%
this
quarter and gained 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
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 5 "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 21.50 
This summary was machine generated from LSEG data November 5 at
07:47 a.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
 Sep. 30 2024      0.18           0.21           Beat
 Jun. 30 2024      0.12           0.18           Beat
 Mar. 31 2024      -0.11          -0.08          Beat
 Dec. 31 2023      0.19           0.35           Beat