Tenon Medical Inc reports results for the quarter ended March 31 - Earnings Summary

• Tenon Medical Inc TNON.OQ reported a quarterly adjusted loss of $1.01​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-10.00. The mean expectation of three analysts for the quarter was for a loss of $1.11 per share. Wall Street expected results to range from $-1.35 to -92 cents per share.

• Revenue rose 1% to $726.00 thousand from a year ago; analysts expected $1.20 million.

• Tenon Medical Inc's reported EPS for the quarter was a loss of $1.01​.

• The company reported a quarterly loss of $3.62 million.

• Tenon Medical Inc shares had fallen by 37.9% this quarter and lost 30.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 59.7% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Tenon Medical Inc is $3.00

This summary was machine generated from LSEG data May 13 at 09:39 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)