Will AVGR's Q2 earnings beat or miss forecasts?
4/9/2025 03:14pm
**Avinger's Q2 earnings are likely to miss forecasts.** Here's why:
1. **Consensus Rating and Price Target**: The consensus rating for Avinger is currently "Hold," and there are no available data on the average analyst price target for Q2 2025. However, given the company's recent performance and the lack of positive earnings surprises, it is safe to assume that the price target is not significantly above the current trading price.
2. **Earnings Performance**: Avinger has a history of missing earnings expectations. In Q2 2024, the company reported an EPS of -$2.82, which was below the analyst estimate of -$0.43. This represents a substantial miss of approximately -$2.39. Additionally, the company's revenue for the quarter was $1.85 million, which was 27.57% below the analyst estimate of $2.55 million.
3. **Recent Performance and Market Sentiment**: Avinger's stock has experienced significant declines, with a 54.6% loss since the beginning of the year compared to the S&P 500's gain. This suggests that investors may have low expectations for the company's future performance.
4. **Strategic Moves and Financial Health**: While Avinger has made some strategic moves, such as entering a partnership with Zylox-Tonbridge and improving its balance sheet, these moves may not immediately impact the earnings figures for Q2 2025. Moreover, the company's financials show a net loss for the quarter, which could indicate that it is not yet profitable and may continue to miss earnings expectations.
5. **Lack of Positive Trends**: There are no indications of a turnaround or positive developments in the near term that would suggest Avinger's earnings would suddenly improve to meet or exceed expectations.
In conclusion, given Avinger's track record of missing earnings expectations, the company's financial performance, and the current market sentiment, it is more likely that Avinger's Q2 earnings will miss forecasts rather than beat them.