Venus Concept Inc reports results for the quarter ended in December - Earnings Summary

Venus Concept

01/04/2024 14:31

* Venus Concept Inc  VERO.OQ  reported a quarterly adjusted
loss
of $2.01​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $-2.10.  The mean expectation of three analysts for the
quarter was for a loss of $1.18 per share. Wall Street expected
results to range from $-1.60 to -87 cents per share.
    * Revenue fell 25.3% to $18.13 million from a year ago;
analysts
expected $22.45 million. 
    * Venus Concept Inc's reported EPS for the quarter was a
loss of
$2.01​.
    * The company reported a quarterly loss of $11.12 million.
    * Venus Concept Inc shares had held steady so far this
quarter and
lost 41.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "hold"

This summary was machine generated from LSEG data April 1 at
01:31 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
 Dec. 31 2023      -1.18          -2.01          Missed
 Sep. 30 2023      -1.51          -1.64          Missed
 Jun. 30 2023      -1.54          -1.35          Beat
 Mar. 31 2023      -2.13          -1.85          Beat