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

Avanos Medical

09/08/2023 14:31

* Avanos Medical Inc  AVNS.N  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
30 cents per share.
    * Revenue fell 16.6% to $169.40 million from a year ago;
analysts
expected $186.23 million. 
    * Avanos Medical Inc's reported EPS for the quarter was a
loss of
$1.46​.
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Avanos Medical Inc shares had fallen by 7.0% this
quarter and
lost 12.2% so far this year.
    * The company reported a quarterly loss of $68.1 million.
    * Wall Street's median 12-month price target for Avanos
Medical
Inc is $31.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.37           Beat
 Mar. 31 2023      0.27           0.27           Met
 Dec. 31 2022      0.49           0.60           Beat
 Sep. 30 2022      0.35           0.38           Beat