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

Treace Medical Concepts

28/02/2024 02:51

* Treace Medical Concepts Inc  TMCI.OQ  reported a quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
December, lower 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 9 cents per
share. Wall Street expected results to range from -15 cents
to -4 cents per share.
    * Revenue rose 25% to $62.21 million from a year ago;
analysts
expected $60.55 million. 
    * Treace Medical Concepts Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $6.28 million.
    * Treace Medical Concepts Inc shares had risen by 12.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.8%
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 medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Treace Medical
Concepts Inc is $15.00 
This summary was machine generated from LSEG data February 28 at
02:51 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
 Dec. 31 2023      -0.09          -0.10          Missed
 Sep. 30 2023      -0.26          -0.28          Missed
 Jun. 30 2023      -0.24          -0.20          Beat
 Mar. 31 2023      -0.23          -0.23          Met