Nephros Inc reports results for the quarter ended June 30 - Earnings Summary

• Nephros Inc NEPH.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -3 cents to -2 cents per share.

• Revenue rose 35.9% to $4.42 million from a year ago; analysts expected $3.65 million.

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

• The company reported quarterly net income of $237 thousand.

• Nephros Inc shares had fallen by 26.7% this quarter and gained 104.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 150% 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 environmental services & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Nephros Inc is $4.75, about 39.2% above its last closing price of $2.89

This summary was machine generated from LSEG data August 8 at 03:05 a.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)