Conmed Corp expected to post earnings of $1.11 a share - Earnings Preview

Conmed

29/01/2024 21:03

* Conmed Corp  CNMD.N   CNMD.K  is expected to show a rise
in
quarterly revenue when it reports  results on January 31 for the
period ending December 31 2023
    * The Largo Florida-based  company is expected to report a
32.4% increase in revenue to $332.198 million from $250.87
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Conmed Corp is for
earnings of
$1.11 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 Conmed Corp
is
$122.50​, above​ its last closing price of $92.04. ​​​

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  0.83        0.83       0.90      Beat    8.4
 Jun. 30 2023  0.79        0.79       0.83      Beat    4.5
 Mar. 31 2023  0.60        0.60       0.66      Beat    10.3​
 Dec. 31 2022  0.89        0.90       0.42      Missed  -53.5
 ​​Sep.        0.75        0.75       0.77      Beat    2.4
 30 2022                                                
 Jun. 30 2022  0.74        0.75       0.76      Beat    1.8​
 Mar. 31 2022  0.62        0.62       0.70      Beat    13.3
 Dec. 31 2021  1.03        1.03       1.07      Beat    4
 This summary was machine generated January 29 at 21:02 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)