Owens & Minor Inc reports results for the quarter ended in March - Earnings Summary

Accendra Health

03/05/2024 14:31

* Owens & Minor Inc  OMI.N  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 12 cents to 22 cents per share.
    * Revenue rose 3.6% to $2.61 billion from a year ago;
analysts
expected $2.61 billion. 
    * Owens & Minor Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $21.89 million.
    * Owens & Minor Inc shares had fallen by 11.5% this
quarter and
gained 27.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Owens & Minor Inc
is $25.50 
This summary was machine generated from LSEG data May 3 at 01:31
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.18           0.19           Beat
 Dec. 31 2023      0.66           0.69           Beat
 Sep. 30 2023      0.37           0.44           Beat
 Jun. 30 2023      0.18           0.18           Met