Tenon Medical Inc reports results for the quarter - Earnings Summary

• Tenon Medical Inc TNON.OQ reported a quarterly adjusted loss of $3.63​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of $-11.68. The mean expectation of two analysts for the quarter was for a loss of $4.23 per share. Wall Street expected results to range from $-6.16 to $-2.31 per share.

• Revenue fell 6% to $887.00 thousand from a year ago; analysts expected $1.19 million.

• Tenon Medical Inc's reported EPS for the quarter was a loss of $3.63​.

• The company reported a quarterly loss of $3.18 million.

• Tenon Medical Inc shares had fallen by 18.9% this quarter and lost 72.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 37.7% 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 $22.00

This summary was machine generated from LSEG data November 14 at 04:17 a.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)