Helius Medical Technologies Inc reports results for the quarter ended in December - Earnings Summary

Solana Co

28/03/2024 21:02

* Helius Medical Technologies Inc  HSDT.OQ  reported a
quarterly
adjusted loss of $1.47​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-8.50.  The mean expectation of
three analysts for the quarter was for a loss of $3.77 per
share. Wall Street expected results to range from $-4.05
to $-3.38 per share.
    * Revenue fell 52.5% to $134.00 thousand from a year ago;
analysts
expected $246.33 thousand. 
    * Helius Medical Technologies Inc's reported EPS for the
quarter
was a loss of $1.47​.
    * The company reported a quarterly loss of $1.05 million.
    * Helius Medical Technologies Inc shares had fallen by 30.3%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 3 "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 also "buy"

Wall Street's median 12-month price target for Helius Medical
Technologies Inc is $20.00 
This summary was machine generated from LSEG data March 28 at
09:02 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 2023      -3.77          -1.47          Beat
 Sep. 30 2023      -6.00          -5.49          Beat
 Jun. 30 2023      -5.83          -3.00          Beat
 Mar. 31 2023      -5.50          -4.50          Beat