Owens & Minor Inc reports results for the quarter ended in September 30 - Earnings Summary

Accendra Health

04/11/2024 15:27

* Owens & Minor Inc  OMI.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 44 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 41 cents per share. Wall Street
expected results to range from 39 cents to 46 cents per share.
    * Revenue rose 5% to $2.72 billion from a year ago; analysts
expected $2.68 billion. 
    * Owens & Minor Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The company reported a quarterly loss of $12.77 million.
    * Owens & Minor Inc shares had fallen by 14.9% this
quarter and
lost 30.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 $18.50 
This summary was machine generated from LSEG data November 4 at
03:27 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
 Sep. 30 2024      0.41           0.42           Beat
 Jun. 30 2024      0.33           0.36           Beat
 Mar. 31 2024      0.18           0.19           Beat
 Dec. 31 2023      0.66           0.69           Beat