Azenta Inc expected to post a loss of 2 cents a share - Earnings Preview

Azenta

05/05/2023 14:00

* Azenta Inc  AZTA.OQ   AZTA.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 9. 
    * The Burlington Massachusetts-based  company is expected to
report  a 11.2% increase in revenue to $161.9 million from
$145.54 million a year ago, according to the mean estimate from
5 analysts, based on Refinitiv data. The company's guidance on
February 8 2023, for the period ended March 31, was for revenue
between $156.00 million and $171.00 million.
    * ​Refinitiv's mean analyst estimate for Azenta Inc is for a
loss
of 2 cents per share. The company's EPS guidance on February 8
2023, for the period ended March 31, was between $-0.04 and
$0.04 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Azenta Inc
is
$68​, above​ its last closing price of $44.35. ​​​

The company's guidance on February 8 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD2 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.09        0.08       0.12      Beat    43.3
 Sep. 30 2022  0.05        0.07       0.16      Beat    145.4
 Jun. 30 2022  0.09        0.10       0.12      Beat    23.1​
 Mar. 31 2022  0.11        0.11       0.12      Beat    9.1
 ​​Dec.        0.08        0.08       0.12      Beat    54.8
 31 2021                                                
 Sep. 30 2021  0.77        0.77       0.78      Beat    1.8​
 Jun. 30 2021  0.69        0.68       0.72      Beat    5.2
 Mar. 31 2021  0.51        0.50       0.61      Beat    21.4
 This summary was machine generated May 5 at 13:00 GMT.  All
figures in US dollars  unless otherwise stated