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

Avantor

14/02/2024 20:09

* Avantor Inc  AVTR.N  reported quarterly adjusted earnings
of 25
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 32
cents.  The mean expectation of twenty one analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 21 cents to 24 cents per share.
    * Revenue fell 4% to $1.72 billion from a year ago; analysts
expected $1.70 billion. 
    * Avantor Inc's reported EPS for the quarter was 15 cents​.
    * The company reported quarterly net income of $98.5
million.
    * Avantor Inc shares had fallen by 3.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Avantor Inc is
$24.67 
This summary was machine generated from LSEG data February 14 at
08:08 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      0.22           0.25           Beat
 Sep. 30 2023      0.26           0.25           Missed
 Jun. 30 2023      0.29           0.28           Missed
 Mar. 31 2023      0.28           0.29           Beat