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

• Accuray Inc ARAY.OQ reported quarterly breakeven results​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of four analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from zero cents to 3 cents per share.

• Revenue fell 5% to $127.54 million from a year ago; analysts expected $123.77 million.

• Accuray Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.12 million.

• Accuray Inc shares had risen by 8.0% this quarter and lost 25.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 333.3% 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 "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."

• Wall Street's median 12-month price target for Accuray Inc is $4.25, about 65.2% above its last closing price of $1.48

This summary was machine generated from LSEG data August 13 at 09:00 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)