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Lifeward (LFWD) Reports Q3 Loss, Lags Revenue Estimates
LFWDReWalk(LFWD) ZACKS·2024-11-12 15:21

Earnings Performance - Lifeward reported a quarterly loss of 045pershare,missingtheZacksConsensusEstimateofalossof0 45 per share, missing the Zacks Consensus Estimate of a loss of 0 27 per share [1] - The company's earnings surprise was -66 67% for the quarter [2] - Over the last four quarters, Lifeward has surpassed consensus EPS estimates two times [2] Revenue Performance - Lifeward posted revenues of 613millionforthequarterendedSeptember2024,missingtheZacksConsensusEstimateby26876 13 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 26 87% [3] - This compares to year-ago revenues of 4 4 million [3] - The company has not been able to beat consensus revenue estimates over the last four quarters [3] Stock Performance - Lifeward shares have lost about 56 5% since the beginning of the year, compared to the S&P 500's gain of 25 8% [4] - The stock's immediate price movement will depend on management's commentary on the earnings call [4] Earnings Outlook - The current consensus EPS estimate is -015on0 15 on 9 95 million in revenues for the coming quarter and -165on1 65 on 30 32 million in revenues for the current fiscal year [8] - The estimate revisions trend for Lifeward is mixed, translating into a Zacks Rank 3 (Hold) [7] Industry Context - Lifeward belongs to the Zacks Internet - Software industry, which is currently in the top 21% of the 250 plus Zacks industries [9] - The top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Peer Comparison - Zoom Video Communications, another stock in the same industry, is expected to post quarterly earnings of 130pershare,representingayearoveryearchangeof+081 30 per share, representing a year-over-year change of +0 8% [10] - Zoom Video Communications' revenues are expected to be 1 16 billion, up 2 3% from the year-ago quarter [11]