$5.85 Million in Sales Expected for BRAINSWAY LTD/S (NASDAQ:BWAY) This Quarter

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Analysts expect BRAINSWAY LTD/S (NASDAQ:BWAY) to report sales of $5.85 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for BRAINSWAY LTD/S’s earnings. The highest sales estimate is $5.90 million and the lowest is $5.80 million. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that BRAINSWAY LTD/S will report full year sales of $23.05 million for the current year, with estimates ranging from $22.90 million to $23.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $30.30 million, with estimates ranging from $29.50 million to $31.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BRAINSWAY LTD/S.

BRAINSWAY LTD/S (NASDAQ:BWAY) last announced its earnings results on Monday, August 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The firm had revenue of $5.70 million for the quarter, compared to analyst estimates of $5.30 million.

Separately, Zacks Investment Research lowered shares of BRAINSWAY LTD/S from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.80.

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new position in BRAINSWAY LTD/S in the 2nd quarter valued at $157,000. Noked Capital LTD purchased a new position in BRAINSWAY LTD/S in the 2nd quarter valued at $572,000. ARK Investment Management LLC purchased a new position in BRAINSWAY LTD/S in the 2nd quarter valued at $863,000. Finally, Delek Group Ltd. purchased a new position in BRAINSWAY LTD/S in the 2nd quarter valued at $3,176,000. Hedge funds and other institutional investors own 10.84% of the company’s stock.

Shares of BWAY opened at $10.17 on Tuesday. The business’s 50 day simple moving average is $9.98. BRAINSWAY LTD/S has a 12-month low of $8.00 and a 12-month high of $12.39.

BRAINSWAY LTD/S Company Profile

Brainsway Ltd. engages in the development and provision of technology solutions for non-invasive treatment of brain disorders in Israel and internationally. It offers deep transcranial magnetic stimulation systems for treating various conditions, including autism, Alzheimer's disease, bipolar disorders, chronic pains, depressive disorders, Parkinson's diseases, schizophrenia, smoking cessation, post-traumatic stress disorders, multiple sclerosis, obsessive compulsive disorders, and stroke rehabilitation.

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