Earnings Preview: 908 Devices Inc. (MASS) Q2 Earnings Expected to Decline

Company Overview - 908 Devices Inc. (MASS) is expected to report a quarterly loss of $0.34 per share, reflecting a year-over-year decline of 17.2% [5] - Revenues are anticipated to be $13.69 million, which represents a 13.2% increase from the same quarter last year [6] Earnings Estimates and Trends - The consensus EPS estimate has been revised 2.74% lower over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [7] - The Most Accurate Estimate for 908 Devices is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.94% [13] Historical Performance - In the last reported quarter, 908 Devices was expected to post a loss of $0.37 per share but actually reported a loss of $0.33, achieving a surprise of +10.81% [16] - The company has beaten consensus EPS estimates in each of the last four quarters [17] Industry Context - In the Zacks Medical - Instruments industry, Teleflex (TFX) is expected to report earnings of $3.33 per share for the quarter ended June 2024, indicating a year-over-year change of -2.4% [21] - Teleflex's revenue is projected to be $763.39 million, up 2.7% from the previous year [21] - The consensus EPS estimate for Teleflex has remained unchanged over the last 30 days, but a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.66% [22]