Transmedics Group Inc reports results for the quarter ended in March - Earnings Summary

TransMedics

01/05/2024 24:23

* Transmedics Group Inc  TMDX.OQ  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 5 cents per
share. Wall Street expected results to range from -33 cents
to 11 cents per share.
    * Revenue rose 133.1% to $96.85 million from a year ago;
analysts
expected $83.78 million. 
    * Transmedics Group Inc's reported EPS for the quarter was
35
cents​.
    * The company reported quarterly net income of $12.2
million.
    * Transmedics Group Inc shares had risen by 31.5% this
quarter and
gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 77.4%
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 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Transmedics Group
Inc is $100.00 
This summary was machine generated from LSEG data April 30 at
11:23 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      -0.05          0.35           Beat
 Dec. 31 2023      -0.03          0.12           Beat
 Sep. 30 2023      -0.16          -0.78          Missed
 Jun. 30 2023      -0.13          -0.03          Beat