The Brokerages Expect IRHYTHM TECH (IRTC) to Post ($0.28) EPS

The Brokerages Expect IRHYTHM TECH (IRTC) to Post ($0.28) EPS

Shares of IRHYTHM TECH (NASDAQ:IRTC) have earned a consensus broker rating score of 1.13 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Brokerages have set a 12 month consensus target price of $30.75 for the company and are predicting that the company will post ($0.28) earnings per share for the current quarter, according to Zacks. Zacks has also given IRHYTHM TECH an industry rank of 203 out of 265 based on the ratings given to its competitors.

Several equities research analysts have weighed in on IRTC shares. Canaccord Genuity started coverage on IRHYTHM TECH in a report on Monday, November 14th. They issued a “buy” rating and a $31.00 price objective for the company. BTIG Research assumed coverage on IRHYTHM TECH in a report on Monday, November 14th. They issued a “buy” rating and a $28.00 price objective for the company. Morgan Stanley assumed coverage on IRHYTHM TECH in a research note on Monday, November 14th. They issued an “overweight” rating and a $28.00 target price for the company. Finally, J P Morgan Chase & Co assumed coverage on IRHYTHM TECH in a research note on Monday, November 14th. They issued an “overweight” rating and a $34.00 target price for the company.

Shares of IRHYTHM TECH (NASDAQ:IRTC) opened at 29.41 on Monday. IRHYTHM TECH has a one year low of $22.16 and a one year high of $31.69. The company’s 50-day moving average price is $28.71 and its 200 day moving average price is $27.56. The company’s market cap is $650.73 million.

IRHYTHM TECH (NASDAQ:IRTC) last released its quarterly earnings data on Monday, December 5th. The company reported ($2.80) earnings per share for the quarter, missing the consensus estimate of ($0.29) by $2.51. The business earned $16.80 million during the quarter, compared to analyst estimates of $16.52 million. IRHYTHM TECH’s revenue was up 80.6% on a year-over-year basis. On average, equities research analysts anticipate that IRHYTHM TECH will post ($1.86) earnings per share for the current year.

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