Avantor Inc expected to post earnings of 20 cents a share - Earnings Preview

Avantor

24/04/2024 15:02

* Avantor Inc  AVTR.N   AVTR.K  is expected to show a fall
in
quarterly revenue when it reports  results on April 26 for the
period ending March 31 2024
    * The Radnor Pennsylvania-based  company is expected to
report a
5.5% decrease in revenue to $1.682 billion from $1.78 billion a
year ago, according to the mean estimate from 17 analysts, based
on LSEG data.The company's guidance on February 14 2024, for the
period ended March 31, was for revenue between $1.67 billion and
$1.69 billion.
    * ​LSEG's mean analyst estimate for Avantor Inc is for
earnings of
20 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Avantor Inc
is
$28.00​, above​ its last closing price of $25.65. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.22        0.22       0.25      Beat    12.3
 Sep. 30 2023  0.25        0.26       0.25      Missed  -2
 Jun. 30 2023  0.29        0.29       0.28      Missed  -4.3​
 Mar. 31 2023  0.28        0.28       0.29      Beat    1.9
 ​​Dec.        0.30        0.30       0.32      Beat    6
 31 2022                                                
 Sep. 30 2022  0.33        0.33       0.34      Beat    3.2​
 Jun. 30 2022  0.38        0.38       0.37      Missed  -1.6
 Mar. 31 2022  0.35        0.36       0.38      Beat    6.8
 This summary was machine generated April 24 at 14:02 GMT.  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)