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IRhythm Technologies (IRTC) Beats Q4 Earnings and Revenue Estimates
IRTCiRhythm(IRTC) ZACKS·2025-02-20 23:25

Company Performance - iRhythm Technologies reported quarterly earnings of 0.01pershare,exceedingtheZacksConsensusEstimateofalossof0.01 per share, exceeding the Zacks Consensus Estimate of a loss of 0.30 per share, and showing improvement from a loss of 1.26pershareayearago,resultinginanearningssurpriseof103.331.26 per share a year ago, resulting in an earnings surprise of 103.33% [1] - The company posted revenues of 164.33 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.19% and increasing from year-ago revenues of 132.51million[2]−Overthelastfourquarters,iRhythmTechnologieshassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesfourtimes[2]StockPerformance−iRhythmTechnologiesshareshaveincreasedapproximately25.4132.51 million [2] - Over the last four quarters, iRhythm Technologies has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - iRhythm Technologies shares have increased approximately 25.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is -0.65 on revenues of 154.31million,andforthecurrentfiscalyear,itis−154.31 million, and for the current fiscal year, it is -1.98 on revenues of $679.24 million [7] Industry Outlook - The Medical Info Systems industry, to which iRhythm Technologies belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]