Tandem Diabetes Care Inc reports results for the quarter ended in June - Earnings Summary

Tandem Diabetes Care

01/08/2024 23:30

* Tandem Diabetes Care Inc  TNDM.OQ  reported a quarterly
adjusted
loss of 48 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -55 cents.  The mean expectation of
sixteen analysts for the quarter was for a loss of 54 cents per
share. Wall Street expected results to range from -61 cents
to -35 cents per share.
    * Revenue rose 11.9% to $221.91 million from a year ago;
analysts
expected $204.91 million. 
    * Tandem Diabetes Care Inc's reported EPS for the quarter
was a
loss of 47 cents​.
    * The company reported a quarterly loss of $30.81 million.
    * Tandem Diabetes Care Inc shares had fallen by 8.2% this
quarter and gained 25.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen 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 "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Tandem Diabetes
Care Inc is $55.00 
This summary was machine generated from LSEG data August 1 at
10:30 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
 Jun. 30 2024      -0.54          -0.48          Beat
 Mar. 31 2024      -0.76          -0.63          Beat
 Dec. 31 2023      -0.25          -0.27          Missed
 Sep. 30 2023      -0.34          -0.38          Missed