Tandem Diabetes Care Inc expected to post a loss of 54 cents a share - Earnings Preview

Tandem Diabetes Care

31/07/2024 24:04

* Tandem Diabetes Care Inc  TNDM.OQ   TNDM.O  is expected
to show
a rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The San Diego California-based  company is expected to
report a
3.4% increase in revenue to $204.902 million from $198.23
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue of $205.000
million.
    * ​LSEG's mean analyst estimate for Tandem Diabetes Care Inc
is
for a loss of 54 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Tandem
Diabetes
Care Inc is $55.00​, above​ its last closing price of $36.37.
​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD-10.25 million.The company's guidance on
May 2 2024 for the period ended June 30 was for gross profit
margin of USD50%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.76       -0.76      -0.63     Beat    16.9
 Dec. 31 2024  -0.28       -0.25      -0.27     Missed  -6
 Sep. 30 2023  -0.36       -0.34      -0.38     Missed  -13​
 Jun. 30 2023  -0.53       -0.53      -0.55     Missed  -3.4
 ​​Mar.        -0.55       -0.52      -1.92     Missed  -271.6
 31 2023                                                
 Dec. 31 2022  -0.06       -0.06      -0.25     Missed  -339.2
                                                        ​
 Jan. 1 0001   -0.05       -0.05      -0.27     Missed  -455.3
 Jun. 30 2022  0.02        0.03       -0.24     Missed  -850
 This summary was machine generated July 30 at 23:04 GMT.  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)