Azenta Inc expected to post earnings of 7 cents a share - Earnings Preview

Azenta

03/08/2024 03:24

* Azenta Inc  AZTA.OQ   AZTA.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Burlington Massachusetts-based  company is expected to
report a 0.2% increase in revenue to $166.262 million from
$165.95 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue of 165.948
million. (Revenue is on Total Revenue)
    * ​LSEG's mean analyst estimate for Azenta Inc is for
earnings of
7 cents per share. The company's EPS guidance on May 8 2024, for
the period ended June 30, was about 0.07
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "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
$56.50​, below​ its last closing price of $56.74. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 165.948 million and 13.276 million.The
company's guidance on May 8 2024 for the period ended June 30
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  
 Mar. 31 2024  0.02        0.02       0.05      Beat    167.8
 Dec. 31 2024  -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.        -0.01       -0.02      -0.06     Missed  -172.7
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated August 3 at 02:23 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)