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

Venus Concept

15/05/2024 19:15

* Venus Concept Inc  VERO.OQ  reported a quarterly adjusted
loss
of $1.68​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.85.  The mean expectation of three analysts for the quarter
was for a loss of $1.53 per share. Wall Street expected
results to range from $-1.96 to -91 cents per share.
    * Revenue fell 14.9% to $17.48 million from a year ago;
analysts
expected $16.72 million. 
    * Venus Concept Inc's reported EPS for the quarter was a
loss of
$1.68​.
    * The company reported a quarterly loss of $9.79 million.
    * Venus Concept Inc shares had fallen by 6.5% this
quarter and
lost 45.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.2%
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 May 15 at
06:15 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
 Mar. 31 2024      -1.53          -1.68          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