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

Azenta

07/05/2024 03:27

* Azenta Inc  AZTA.OQ   AZTA.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Burlington Massachusetts-based  company is expected to
report a 7.7% increase in revenue to $159.888 million from
$148.4 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
7 2024, for the period ended March 31, was for revenue between
155.82 million and 160.27 million. (Revenue is on Total Revenue)
    * ​LSEG's mean analyst estimate for Azenta Inc is for
earnings of
2 cents per share. The company's EPS guidance on February 7
2024, for the period ended March 31, was about 0.02
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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
$64.00​, above​ its last closing price of $55.35. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of 6.2328 million.The company's guidance on
February 7 2024 for the period ended March 31 was for gross
profit margin between 44% and 46%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.04       -0.03      0.02      Beat    159.9
 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.        0.09        0.08       0.12      Beat    43.3
 31 2022                                                
 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
 This summary was machine generated May 7 at 02:27 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)