Azenta Inc reports results for the quarter ended in June - Earnings Summary

Azenta

06/08/2024 23:37

* Azenta Inc  AZTA.OQ  reported quarterly adjusted earnings
of 16
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 3 cents to 11 cents per share.
    * Revenue rose 4.1% to $172.81 million from a year ago;
analysts
expected $166.26 million. 
    * Azenta Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $6.58 million.
    * Azenta Inc shares had risen by 6.2% this quarter and
lost 14.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the biotechnology
&
medical research peer group is also "hold"

Wall Street's median 12-month price target for Azenta Inc is
$56.50 
This summary was machine generated from LSEG data August 6 at
10:37 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
 Jun. 30 2024      0.07           0.16           Beat
 Mar. 31 2024      0.02           0.05           Beat
 Dec. 31 2023      -0.03          0.02           Beat
 Sep. 30 2023      0.02           0.13           Beat