Avantor Inc reports results for the quarter ended in September 30 - Earnings Summary

Avantor

27/10/2024 15:43

* Avantor Inc  AVTR.N  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of twenty two analysts for
the quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 25 cents to 26 cents per share.
    * Revenue fell 0.3% to $1.71 billion from a year ago;
analysts
expected $1.73 billion. 
    * Avantor Inc's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $57.8
million.
    * Avantor Inc shares had fallen by 10.1% this quarter and
gained 1.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "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
$28.00 
This summary was machine generated from LSEG data October 27 at
03:43 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
 Sep. 30 2024      0.25           0.26           Beat
 Jun. 30 2024      0.23           0.25           Beat
 Mar. 31 2024      0.20           0.22           Beat
 Dec. 31 2023      0.22           0.25           Beat