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

Treace Medical Concepts

09/08/2023 04:33

* Treace Medical Concepts Inc  TMCI.OQ  reported a quarterly
adjusted loss of 20 cents​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for a loss of 24 cents per share.
    * Revenue rose 40% to $41.95 million from a year ago;
analysts
expected $40.85 million. 
    * Treace Medical Concepts Inc's reported EPS for the quarter
was a
loss of 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Treace Medical Concepts Inc shares had fallen by 18.9%
this
quarter and lost 9.8% so far this year.
    * The company reported a quarterly loss of $12.27 million.
    * Wall Street's median 12-month price target for Treace
Medical
Concepts Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 03:33 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.24          -0.20          Beat
 Mar. 31 2023      -0.23          -0.23          Met
 Dec. 31 2022      -0.14          -0.08          Beat
 Sep. 30 2022      -0.29          -0.22          Beat