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

• Accuray Inc ARAY.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of four analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -5 cents tozero cents per share.

• Revenue rose 8.3% to $116.17 million from a year ago; analysts expected $110.36 million.

• Accuray Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $2.54 million.

• Accuray Inc shares had risen by 17.7% this quarter.

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 February 5 at 10:02 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)