Inmode Ltd reports results for the quarter ended in January 1 - Earnings Summary

• Inmode Ltd INMD.OQ reported quarterly adjusted earnings of 70 cents​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of seven analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 57 cents to 73 cents per share.

• Revenue rose 5.8% to $130.23 million from a year ago; analysts expected $127.00 million.

• Inmode Ltd's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $50.99 million.

• Inmode Ltd shares had risen by 5.7% this quarter and lost 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 30.4% 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 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for Inmode Ltd is $20.00

This summary was machine generated from LSEG data October 30 at 03:21 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)