Butterfly Network Inc expected to post a loss of 9 cents a share - Earnings Preview

Reuters
30 Oct 2024

* Butterfly Network Inc is expected to show a rise in quarterly revenue when it reports results on November 1 for the period ending September 30 2024

* The Burlington Massachusetts-based company is expected to report a 23.3% increase in revenue to $19.007 million from $15.42 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 1 2024, for the period ended September 30, was for revenue of $19.000 million.

* ​LSEG's mean analyst estimate for Butterfly Network Inc is for a loss of 9 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Butterfly Network Inc is 3.00​, above​ its last closing price of $1.90. ​​​

The company's guidance on August 1 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 19 million and -9 million $(USD)$. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -0.10 -0.10 -0.07 Beat 30

Mar. 31 2024 -0.12 -0.12 -0.10 Beat 16.7

Dec. 31 2023 -0.13 -0.13 -0.21 Missed -55.6​

Sep. 30 2023 -0.15 -0.15 -0.13 Beat 11.9

​​Jun. -0.16 -0.16 -0.14 Beat 13.8

30 2023

Mar. 31 2023 -0.21 -0.21 -0.17 Beat 17.7​

Jan. 1 0001 -0.22 -0.22 -0.17 Beat 21.5

Jan. 1 0001 -0.24 -0.24 -0.27 Missed -12.5

This summary was machine generated October 30 at 13:26 GMT. 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)

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