TransMedics Group Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.10-30

TransMedics Group (NASDAQ:TMDX) Third Quarter 2024 Results Key Financial Results Revenue: US$108.8m (up 64% from 3Q 2023). Net income: US$4.22m (up from US$25.4m loss in 3Q 2023). Profit margin: 3.9%...

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The move to profitability was driven by higher revenue.NasdaqGM:TMDX Earnings and Revenue History October 30th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 5.4%. Earnings per share  also missed analyst estimates by 62%.Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US.The company's shares are down 25% from a week ago.Before we wrap up, we've discovered 4 warning signs for TransMedics Group (1 can't be ignored!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TMDX":"TransMedics Group Inc."},"translate_title":"Transmedics Group 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMDX":1},"content_text":"TransMedics Group (NASDAQ:TMDX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$108.8m (up 64% from 3Q 2023).\nNet income: US$4.22m (up from US$25.4m loss in 3Q 2023).\nProfit margin: 3.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.\nEPS: US$0.13 (up from US$0.78 loss in 3Q 2023).\n\n\n\n\n  NasdaqGM:TMDX Earnings and Revenue History October 30th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTransMedics Group Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 62%. \n Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in the US. \nPerformance of the American Medical Equipment industry.\n The company's shares are down 25% from a week ago. \nRisk Analysis\n Before we wrap up, we've discovered 4 warning signs for TransMedics Group (1 can't be ignored!) that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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