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

Avantor

26/07/2024 14:31

* Avantor Inc  AVTR.N  reported quarterly adjusted earnings
of 25
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 28
cents.  The mean expectation of twenty one analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 22 cents to 24 cents per share.
    * Revenue fell 2.4% to $1.70 billion from a year ago;
analysts
expected $1.70 billion. 
    * Avantor Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $92.9
million.
    * Avantor Inc shares had risen by 7.6% this quarter and held
steady so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 7
"hold" and 1 "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
$27.00 
This summary was machine generated from LSEG data July 26 at
01:31 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
 Jun. 30 2024      0.23           0.25           Beat
 Mar. 31 2024      0.20           0.22           Beat
 Dec. 31 2023      0.22           0.25           Beat
 Sep. 30 2023      0.26           0.25           Missed