Tenon Medical Inc reports results for the quarter ended in December - Earnings Summary

Tenon Medical

12/03/2024 22:20

* Tenon Medical Inc  TNON.OQ  reported a quarterly adjusted
loss
of 68 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-7.00.  The mean expectation of two analysts
for the quarter was for a loss of $1.38 per share. Wall Street
expected results to range from $-1.66 to $-1.10 per share.
    * Revenue rose 191.7% to $808.00 thousand from a year ago;
analysts expected $1.06 million. 
    * Tenon Medical Inc's reported EPS for the quarter was a
loss
of 68 cents​.
    * The company reported a quarterly loss of $3.13 million.
    * Tenon Medical Inc shares had fallen by 9.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $6.00 
This summary was machine generated from LSEG data March 12 at
10:19 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
 Dec. 31 2023      -1.38          -0.68          Beat
 Sep. 30 2023      -2.80          -1.46          Beat
 Jun. 30 2023      -3.80          -3.30          Beat
 Mar. 31 2023      -3.70          -4.30          Missed