Cutera (CUTR) Reports Q3 Loss, Misses Revenue Estimates

Core Insights - Cutera reported a quarterly loss of $1.85 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.96, marking an earnings surprise of -92.71% [1] - The company's revenues for the quarter ended September 2024 were $32.5 million, missing the Zacks Consensus Estimate by 0.20% and down from $46.48 million a year ago [2] - Cutera's stock has declined approximately 83.7% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Financial Performance - Over the last four quarters, Cutera has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.89 on revenues of $36.03 million, and for the current fiscal year, it is -$4.23 on revenues of $141.7 million [7] Industry Context - Cutera operates within the Lasers Systems and Components industry, which is currently ranked in the bottom 29% of over 250 Zacks industries [8] - The performance of Cutera's stock may be influenced by the overall outlook of the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [8]