How did OM's Q4 earnings surprise analysts?

Outset Medical Inc (OM) did not experience a positive earnings surprise in Q4. Here are the details:

1. **Q4 Earnings Performance**: OM reported a quarterly loss of $0.39 per share for the quarter ended September 30, 2024. This was higher than the same quarter last year, when the company reported an EPS of -$0.71.
2. **Analyst Expectations**: The mean expectation of seven analysts for the quarter was for a loss of $0.42 per share.
3. **Surprise Calculation**: The earnings surprise is calculated by subtracting the expected earnings from the actual earnings. In this case, the surprise is not positive, indicating that analysts' expectations were not met. However, the company surpassed revenue estimates, with a reported revenue of $28.7 million compared to $28.67 million a year ago.
4. **Revenue Performance**: OM's revenue for Q3 was $28.7 million, which surpassed their guidance due to new and expanding customer orders. This performance highlights the company's strength in generating revenue despite the earnings shortfall.

In conclusion, while OM's revenue performance was strong, the company did not experience a positive earnings surprise in Q4, as the actual earnings per share were higher than expected, resulting in a negative surprise calculation.