Accuray Inc reports results for the quarter ended in June - Earnings Summary
Accuray Inc ARAY.OQ reported quarterly adjusted earnings of 3 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 4 cents per share.
Revenue rose 13.5% to $134.29 million from a year ago; analysts expected $121.51 million.
Accuray Inc's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $3.39 million.
Accuray Inc shares had fallen by 21.4% this quarter and lost 49.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged 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 "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Accuray Inc is $6.00
This summary was machine generated from LSEG data August 15 at 05:13 a.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 | 0.03 | 0.03 | Met |
Mar. 31 2024 | -0.01 | -0.06 | Missed |
Dec. 31 2023 | -0.05 | -0.10 | Missed |
Sep. 30 2023 | -0.05 | -0.03 | Beat |
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