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

Venus Concept

13/08/2024 14:31

* Venus Concept Inc  VERO.OQ  reported a quarterly adjusted
loss
of $3.05​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $-1.35.  The mean expectation of three analysts for the
quarter was for a loss of $1.43 per share. Wall Street expected
results to range from $-1.68 to $-1.19 per share.
    * Revenue fell 17.4% to $16.58 million from a year ago;
analysts
expected $16.98 million. 
    * Venus Concept Inc's reported EPS for the quarter was a
loss of
$3.05​.
    * The company reported a quarterly loss of $19.95 million.
    * Venus Concept Inc shares had fallen by 18.1% this
quarter and
lost 45.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
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 August 13 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
 Jun. 30 2024      -1.43          -3.05          Missed
 Mar. 31 2024      -1.53          -1.68          Missed
 Dec. 31 2023      -1.18          -2.01          Missed
 Sep. 30 2023      -1.51          -1.64          Missed