Inspire Medical Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Inspire Medical Systems Inc INSP.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 12 cents to 27 cents per share.

• Revenue rose 10.8% to $217.09 million from a year ago; analysts expected $214.31 million.

• Inspire Medical Systems Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $3.59 million.

• Inspire Medical Systems Inc shares had fallen by 2.8% this quarter and lost 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 5 "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 Inspire Medical Systems Inc is $210.00, about 38.1% above its last closing price of $129.95

This summary was machine generated from LSEG data August 4 at 09:01 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)