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Biorestorative Therapies, Inc. (BRTX) Reports Q2 Loss, Tops Revenue Estimates
BRTXBioRestorative Therapies(BRTX) ZACKS·2024-08-13 22:56

Core Viewpoint - Biorestorative Therapies, Inc. reported a quarterly loss of 0.50pershare,whichwasbetterthantheZacksConsensusEstimateofalossof0.50 per share, which was better than the Zacks Consensus Estimate of a loss of 0.56, indicating a positive earnings surprise of 10.71% [1] Financial Performance - The company posted revenues of 0.09millionforthequarterendedJune2024,exceedingtheZacksConsensusEstimateby196.670.09 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 196.67%, compared to revenues of 0.07 million in the same quarter last year [2] - Over the last four quarters, Biorestorative Therapies has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance - Biorestorative Therapies shares have declined approximately 17.8% since the beginning of the year, contrasting with the S&P 500's gain of 12.1% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -0.63onrevenuesof0.63 on revenues of 0.03 million, and for the current fiscal year, it is -2.16onrevenuesof2.16 on revenues of 0.13 million [7] - The estimate revisions trend for Biorestorative Therapies is mixed, and future earnings expectations will depend on management's commentary during the earnings call [4][6] Industry Context - The Medical - Biomedical and Genetics industry, to which Biorestorative Therapies belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]