Azenta Inc expected to post a loss of 3 cents a share - Earnings Preview

Azenta

05/02/2024 21:54

* Azenta Inc  AZTA.OQ   AZTA.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Burlington Massachusetts-based  company is expected to
report a 15.3% decrease in revenue to $150.998 million from
$178.37 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on
November 13 2023, for the period ended December 31, was for
revenue between $149.83 million and $153.39 million. (Revenue is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Azenta Inc is for a loss
of 3
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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
$73.00​, above​ its last closing price of $66.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.02        0.02       0.13      Beat    629.1
 Jun. 30 2023  -0.03       -0.02      0.13      Beat    714.1
 Mar. 31 2023  -0.01       -0.02      -0.06     Missed  -172.7
                                                        ​
 Dec. 31 2022  0.09        0.08       0.12      Beat    43.3
 ​​Sep.        0.05        0.07       0.16      Beat    145.4
 30 2022                                                
 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. 31 2021  0.08        0.08       0.12      Beat    54.8
 This summary was machine generated February 5 at 21:54 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)