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

Tenon Medical

13/08/2024 22:57

* Tenon Medical Inc  TNON.OQ  reported a quarterly adjusted
loss
of $1.02​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$-3.30.  The mean expectation of two analysts for the quarter
was for a loss of $1.08 per share. Wall Street expected
results to range from $-1.20 to -97 cents per share.
    * Revenue rose 21.3% to $901.00 thousand from a year ago;
analysts
expected $909.50 thousand. 
    * Tenon Medical Inc's reported EPS for the quarter was a
loss of
$1.02​.
    * The company reported a quarterly loss of $3.83 million.
    * Tenon Medical Inc shares had fallen by 3.3% this
quarter and
lost 62.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.9%
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 $3.50 
This summary was machine generated from LSEG data August 13 at
09:57 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      -1.08          -1.02          Beat
 Mar. 31 2024      -1.34          -1.25          Beat
 Dec. 31 2023      -1.38          -0.68          Beat
 Sep. 30 2023      -2.80          -1.46          Beat