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

Tandem Diabetes Care

02/05/2024 23:39

* Tandem Diabetes Care Inc  TNDM.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $-1.92.  The mean expectation of
sixteen analysts for the quarter was for a loss of 76 cents per
share. Wall Street expected results to range from -85 cents
to -58 cents per share.
    * Revenue rose 13.2% to $191.67 million from a year ago;
analysts
expected $173.64 million. 
    * Tandem Diabetes Care Inc's reported EPS for the quarter
was a
loss of 65 cents​.
    * The company reported a quarterly loss of $42.72 million.
    * Tandem Diabetes Care Inc shares had risen by 2.2% this
quarter and gained 22.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.7%
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 10 "strong buy" or "buy," 6
"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 $39.50 
This summary was machine generated from LSEG data May 2 at 10:38
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      -0.76          -0.01          Beat
 Dec. 31 2023      -0.34          -0.27          Beat
 Sep. 30 2023      -0.34          -0.38          Missed
 Jun. 30 2023      -0.53          -0.55          Missed