InMode (NASDAQ:INMD – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.92-1.96 for the period, compared to the consensus earnings per share estimate of $1.87. The company issued revenue guidance of $410-420 million, compared to the consensus revenue estimate of $419.06 million.
InMode Stock Performance
Shares of INMD stock traded up $0.18 during trading hours on Friday, hitting $17.26. The company had a trading volume of 840,603 shares, compared to its average volume of 1,344,552. The firm’s fifty day moving average is $16.65 and its 200 day moving average is $17.34. InMode has a 12 month low of $14.87 and a 12 month high of $26.80. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.33 and a beta of 2.17.
InMode (NASDAQ:INMD – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The healthcare company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $102.60 million during the quarter, compared to the consensus estimate of $104.81 million. InMode had a net margin of 36.26% and a return on equity of 21.04%. The business’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, sell-side analysts expect that InMode will post 1.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on InMode
InMode Company Profile
InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radiofrequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States and internationally. The company offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, as well as for use in women's health conditions and procedures.
Featured Articles
- Five stocks we like better than InMode
- Options Trading – Understanding Strike Price
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- Why Are Stock Sectors Important to Successful Investing?
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- Technology Stocks Explained: Here’s What to Know About Tech
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Receive News & Ratings for InMode Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InMode and related companies with MarketBeat.com's FREE daily email newsletter.