CorMedix Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
25 Mar
CorMedix Inc reports results for the quarter ended December 31 - Earnings Summary
  • CorMedix Inc CRMD.OQ reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of five analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 5 cents to 21 cents per share.

  • Revenue was $31.21 million​; analysts expected $26.53 million.

  • CorMedix Inc's reported EPS for the quarter was 22 cents​.

  • The company reported quarterly net income of $13.46 million.

  • CorMedix Inc shares had risen by 33.0% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 182.8% 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 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the pharmaceuticals peer group is also "buy"

Wall Street's median 12-month price target for CorMedix Inc is $17.50

This summary was machine generated from LSEG data March 25 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 2024

0.14

0.22

Beat

Sep. 30 2024

-0.10

-0.05

Beat

Jun. 30 2024

-0.25

-0.25

Met

Mar. 31 2024

-0.28

-0.25

Beat

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