Thorne Healthtech Inc reports results for the quarter ended in June - Earnings Summary

Thorne HealthTech

09/08/2023 06:11

* Thorne Healthtech Inc  THRN.OQ  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue rose 29.7% to $72.71 million from a year ago;
analysts
expected $68.46 million. 
    * Thorne Healthtech Inc's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Thorne Healthtech Inc shares had risen by 22.6% this
quarter and
gained 58.7% so far this year.
    * The company reported quarterly net income of $4.45
million.
    * Wall Street's median 12-month price target for Thorne
Healthtech
Inc is $8.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:11 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.15           Beat
 Mar. 31 2023      0.08           -0.01          Missed
 Dec. 31 2022      0.18           0.24           Beat
 Sep. 30 2022      0.14           0.07           Missed