Tenon Medical Inc reports results for the quarter - Earnings Summary

Tenon Medical

14/11/2024 04:17

* Tenon Medical Inc  TNON.OQ  reported a quarterly adjusted
loss
of $3.63​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of $-11.68. 
The mean expectation of two analysts for the quarter was for a
loss of $4.23 per share. Wall Street expected results to range
from $-6.16 to $-2.31 per share.
    * Revenue fell 6% to $887.00 thousand from a year ago;
analysts
expected $1.19 million. 
    * Tenon Medical Inc's reported EPS for the quarter was a
loss of
$3.63​.
    * The company reported a quarterly loss of $3.18 million.
    * Tenon Medical Inc shares had fallen by 18.9% this
quarter and
lost 72.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 37.7%
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 2 "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 "buy"

Wall Street's median 12-month price target for Tenon Medical Inc
is $22.00 
This summary was machine generated from LSEG data November 14 at
04:17 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      -4.23          -3.63          Beat
 Jun. 30 2024      -8.68          -8.16          Beat
 Mar. 31 2024      -10.72         -10.00         Beat
 Dec. 31 2023      -11.04         -5.44          Beat