$28.50 Million in Sales Expected for CRH Medical Corporation (CRHM) This Quarter

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Equities research analysts forecast that CRH Medical Corporation (NASDAQ:CRHM) will announce $28.50 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for CRH Medical’s earnings. The lowest sales estimate is $28.30 million and the highest is $28.70 million. CRH Medical reported sales of $24.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.5%. The business is expected to report its next earnings results on Monday, April 29th.

According to Zacks, analysts expect that CRH Medical will report full-year sales of $128.95 million for the current financial year, with estimates ranging from $125.45 million to $130.90 million. For the next financial year, analysts forecast that the company will report sales of $143.17 million, with estimates ranging from $132.40 million to $158.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for CRH Medical.

CRH Medical (NASDAQ:CRHM) last announced its earnings results on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The firm had revenue of $32.02 million during the quarter, compared to analysts’ expectations of $31.40 million.

Separately, Clarus Securities reissued a “buy” rating on shares of CRH Medical in a research note on Wednesday.

Shares of CRHM opened at $2.62 on Friday. CRH Medical has a twelve month low of $2.40 and a twelve month high of $4.50.

About CRH Medical

CRH Medical Corporation provides various products and services to gastroenterologists for the treatment of gastrointestinal diseases in the United States, Canada, and internationally. It offers CRH O'Regan system, a single use, disposable, and hemorrhoid banding technology for treating various grades of hemorrhoid.

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