Establishment Labs Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Establishment Labs Holdings (NASDAQ:ESTA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$44.1m (down 9.2% from 2Q 2023).
• Net loss: US$17.2m (loss widened by 2.6% from 2Q 2023).
• US$0.62 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Establishment Labs Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 20% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Establishment Labs Holdings you should be aware of.

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