Neuronetics Inc expected to post a loss of 23 cents a share - Earnings Preview

Reuters
2024-11-08

* Neuronetics Inc is expected to show a rise in quarterly revenue when it reports results on November 12 for the period ending September 30 2024

* The Malvern Pennsylvania-based company is expected to report a 7.0% increase in revenue to $19.133 million from $17.88 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on August 12 2024, for the period ended September 30, was for revenue between $18.50 million and $19.50 million.

* ​LSEG's mean analyst estimate for Neuronetics Inc is for a loss of 23 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Neuronetics Inc is $3.00​, above​ its last closing price of $1.08. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -0.27 -0.27 -0.33 Missed -22.2

Mar. 31 2024 -0.32 -0.31 -0.27 Beat 12.9

Dec. 31 2023 -0.26 -0.26 -0.19 Beat 27.3​

Sep. 30 2023 -0.31 -0.31 -0.33 Missed -6.7

​​Jun. -0.35 -0.35 -0.17 Beat 51.2

30 2023

Mar. 31 2023 -0.39 -0.39 -0.38 Beat 2.1​

Dec. 31 2022 -0.35 -0.38 -0.30 Beat 21.3

Sep. 30 2022 -0.42 -0.42 -0.28 Beat 33.5

This summary was machine generated November 8 at 15:31 GMT. 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)

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