Cutera (CUTR) Tops Q1 EPS by 33c

Cutera (NASDAQ: CUTR) reported Q1 EPS of $0.39, $0.33 better than the analyst estimate of $0.06. Revenue for the quarter came in at $58.6 million versus the consensus estimate of $50.16 million.

“I am proud of our team’s performance during the second quarter, as our focus on our Vital Few initiatives and operational execution aligned with improving trends in our end markets, resulting in solid financial performance across the board,” commented Dave Mowry, Chief Executive Officer of Cutera, Inc. “During the quarter, we saw steady global procedure volume growth, and we began to benefit from the early stages of increasing appetite for capital equipment purchases. We expect to deliver strong revenue performance in the latter half of the year, despite some slight and temporary deceleration from patient and practitioner vacations in 3Q21. We view a resumption of the historical practitioner vacation patterns in the third quarter favorably, as it reflects both restored customer confidence in the sustainability of patient traffic and proof of renewed financial health of the practice. Based upon the continuing recovery in our end markets, positive capital trends, and continued execution of our strategic priorities, we anticipate delivering steady performance in second half of 2021, with normal seasonal acceleration in the fourth quarter of 2021.”

GUIDANCE:

Cutera sees FY2021 revenue of $215-221 million.

For earnings history and earnings-related data on Cutera (CUTR) click here.

You May Also Be Interested In

• O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
• Impinj (PI) Tops Q1 EPS by 11c, provides guidance
• CVB Financial (CVBF) Tops Q1 EPS by 1c