Tandem Diabetes Care Inc expected to post a loss of 76 cents a share - Earnings Preview

Tandem Diabetes Care

30/04/2024 21:23

* Tandem Diabetes Care Inc  TNDM.OQ   TNDM.O  is expected
to show
a rise in quarterly revenue when it reports  results on May 2
for the period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
2.7% increase in revenue to $174.022 million from $169.38
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on February
21 2024, for the period ended March 31, was for revenue of
$175.000 million.
    * ​LSEG's mean analyst estimate for Tandem Diabetes Care Inc
is
for a loss of 76 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 6
"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 $39.50​, above​ its last closing price of $37.05.
​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD-25.5 million.The company's guidance
on February 21 2024 for the period ended March 31 was for gross
profit margin of USD48%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -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. 31 2023  -0.55       -0.52      -1.92     Missed  -271.6
 ​​Dec.        -0.06       -0.06      -0.25     Missed  -339.2
 31 2022                                                
 Sep. 30 2022  -0.05       -0.05      -0.27     Missed  -455.3
                                                        ​
 Jun. 30 2022  0.02        0.03       -0.24     Missed  -850
 Mar. 31 2022  -0.04       -0.06      -0.23     Missed  -296
 This summary was machine generated April 30 at 20:23 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)