Conmed Corp expected to post earnings of 74 cents a share - Earnings Preview

Conmed

22/04/2024 22:57

* Conmed Corp  CNMD.N   CNMD.K  is expected to show a rise
in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Largo Florida-based  company is expected to report a
3.8% increase in revenue to $306.776 million from $295.47
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
74 cents per share. The company's EPS guidance on January 31
2024, for the period ended March 31, was between $0.72 and
$0.75 
    * 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
$105.00​, above​ its last closing price of $72.61. ​​​

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  1.11        1.11       1.06      Missed  -4.5
 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.        0.89        0.90       0.42      Missed  -53.5
 31 2022                                                
 Sep. 30 2022  0.75        0.75       0.77      Beat    2.4​
 Jun. 30 2022  0.74        0.75       0.76      Beat    1.8
 Mar. 31 2022  0.62        0.62       0.70      Beat    13.3
 This summary was machine generated April 22 at 21:57 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)