Avanos Medical Inc reports results for the quarter ended in December - Earnings Summary

Avanos Medical

20/02/2024 14:32

* Avanos Medical Inc  AVNS.N  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 60 cents.  The mean expectation of three analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 36 cents to 37 cents per share.
    * Revenue fell 20.3% to $173.30 million from a year ago;
analysts
expected $170.43 million. 
    * Avanos Medical Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $10.5
million.
    * Avanos Medical Inc shares had fallen by 14.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.7%
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," 2
"hold" and no "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 Avanos Medical
Inc is $23.50 
This summary was machine generated from LSEG data February 20 at
02:31 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
 Dec. 31 2023      0.37           0.32           Missed
 Sep. 30 2023      0.28           0.42           Beat
 Jun. 30 2023      0.30           0.37           Beat
 Mar. 31 2023      0.27           0.27           Met