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Outset Medical reports Q2 loss of $0.80 per share, revenue beats estimates
Outset Medical posted a second-quarter loss of $0.80 per share, missing the Zacks Consensus Estimate of a loss of $0.63 and marking an earnings surprise of negative 26.98%. Revenue came in at $31.64 million, surpassing the consensus estimate by 9.84% and edging above the year-ago figure of $31.42 million. The company has not beaten consensus EPS estimates in any of the last four quarters and has topped revenue estimates only once in that span. Shares have gained about 38% year-to-date, outpacing the S&P 500's 12.8% advance. The current consensus EPS estimate stands at a loss of $0.67 on $34.9 million in revenue for the coming quarter and a loss of $2.88 on $127.5 million in revenue for the full fiscal year.
OM · Capital · Negative Q2 loss of $0.80 per share missed consensus estimate of $0.63 loss.