Venus Concept Inc reports results for the quarter ended March 31 - Earnings Summary

• Venus Concept Inc VERO.OQ reported a quarterly adjusted loss of $17.44​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-18.48. The mean expectation of two analysts for the quarter was for a loss of $14.08 per share. Wall Street expected results to range from $-14.62 to $-13.54 per share.

• Revenue fell 21.9% to $13.64 million from a year ago; analysts expected $13.99 million.

• Venus Concept Inc's reported EPS for the quarter was a loss of $17.44​.

• The company reported a quarterly loss of $12.37 million.

• Venus Concept Inc shares had fallen by 12.9% this quarter and lost 41.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 48.8% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

This summary was machine generated from LSEG data May 15 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)