Conmed Corp expected to post earnings of 83  cents a share - Earnings Preview

Conmed

23/10/2023 23:25

* Conmed Corp  CNMD.N   CNMD.K  is expected to show a rise
in
quarterly revenue when it reports  results on October 25. 
    * The Largo Florida-based  company is expected to report  a
9.4% increase in revenue to $300.91 million from $275.09 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on July 26 2023,
for the period ended September 30, was for revenue between
$295.00 million and $305.00 million.
    * ​Refinitiv's mean analyst estimate for Conmed Corp is for
earnings of 83 cents per share. The company's EPS guidance on
July 26 2023, for the period ended September 30, was between
$0.80 and $0.85 
    * 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
$136​, above​ its last closing price of $94.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.75        0.75       0.77      Beat    2.4
 ​​Jun.        0.74        0.75       0.76      Beat    1.8
 30 2022                                                
 Mar. 31 2022  0.62        0.62       0.70      Beat    13.3​
 Dec. 31 2021  1.03        1.03       1.07      Beat    4
 Sep. 30 2021  0.75        0.75       0.80      Beat    6.7
 This summary was machine generated October 23 at 22:25 GMT.  All
figures in US dollars  unless otherwise stated