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

• Tenon Medical Inc TNON.OQ reported a quarterly adjusted loss of 36 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-8.16. The mean expectation of two analysts for the quarter was for a loss of 47 cents per share.

• Revenue fell 37.4% to $564.00 thousand from a year ago; analysts expected $909.50 thousand.

• Tenon Medical Inc's reported EPS for the quarter was a loss of 36 cents​.

• The company reported a quarterly loss of $2.77 million.

• Tenon Medical Inc shares had risen by 50.4% this quarter and lost 21.8% so far this year.

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 "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, about 51% above its last closing price of $1.47

This summary was machine generated from LSEG data August 13 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)