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

Treace Medical Concepts

07/08/2024 24:55

* Treace Medical Concepts Inc  TMCI.OQ  reported a quarterly
adjusted loss of 29 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -20 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 29 cents per
share. Wall Street expected results to range from -32 cents
to -26 cents per share.
    * Revenue rose 6% to $44.46 million from a year ago;
analysts
expected $43.00 million. 
    * Treace Medical Concepts Inc's reported EPS for the quarter
was a
loss of 34 cents​.
    * The company reported a quarterly loss of $21.21 million.
    * Treace Medical Concepts Inc shares had fallen by 4.8% this
quarter and lost 50.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Treace Medical
Concepts Inc is $8.00 
This summary was machine generated from LSEG data August 6 at
11:55 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      -0.29          -0.29          Met
 Mar. 31 2024      -0.30          -0.30          Met
 Dec. 31 2023      -0.09          -0.10          Missed
 Sep. 30 2023      -0.26          -0.28          Missed