Neuronetics Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters
2024-11-12
  • Neuronetics Inc STIM.OQ reported a quarterly adjusted loss of 44 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of four analysts for the quarter was for a loss of 23 cents per share. Wall Street expected results to range from -26 cents to -20 cents per share.

  • Revenue rose 3.6% to $18.53 million from a year ago; analysts expected $19.13 million.

  • Neuronetics Inc's reported EPS for the quarter was a loss of 44 cents​.

  • The company reported a quarterly loss of $13.34 million.

  • Neuronetics Inc shares had risen by 44.8% this quarter and lost 62.1% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 1.1% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Neuronetics Inc is 3.00

This summary was machine generated from LSEG data November 12 at 03:29 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

Sep. 30 2024

-0.23

-0.44

Missed

Jan. 1 0001

-0.27

-0.33

Missed

Mar. 31 2024

-0.31

-0.27

Beat

Dec. 31 2023

-0.26

-0.19

Beat

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