Conmed Corp expected to post earnings of 79  cents a share - Earnings Preview

Conmed

25/07/2023 03:04

* Conmed Corp  CNMD.N   CNMD.K  is expected to show a rise
in
quarterly revenue when it reports  results on July 26. 
    * The Largo Florida-based  company is expected to report  a
10.4% increase in revenue to $306.09 million from $277.19
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on
April 26 2023, for the period ended June 30, was for revenue
between $300.00 million and $310.00 million.
    * ​Refinitiv's mean analyst estimate for Conmed Corp is for
earnings of 79 cents per share. The company's EPS guidance on
April 26 2023, for the period ended June 30, was between $0.77
and $0.82 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$129​, above​ its last closing price of $121.60. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for gross profit margin between USD54% and USD56%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.60        0.60       0.66      Beat    10.3
 Dec. 31 2023  0.89        0.90       0.42      Missed  -53.5
 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.        0.62        0.62       0.70      Beat    13.3
 31 2022                                                
 Dec. 31 2021  1.03        1.03       1.07      Beat    4​
 Sep. 30 2021  0.75        0.75       0.80      Beat    6.7
 Jun. 30 2021  0.62        0.62       0.71      Beat    14.5
 This summary was machine generated July 25 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated