Conmed Corp expected to post earnings of 90cents a share - Earnings Preview

Conmed

31/01/2023 21:24

* Conmed Corp  CNMD.N   CNMD.K  is expected to show a rise
in
quarterly revenue when it reports  results on February 2. 
    * The Largo Florida-based  company is expected to report  a
10.4% increase in revenue to $302.513 million from $273.97
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
October 26 2022, for the period ended December 31, was for
revenue between $305.00 million and $320.00 million.
    * ​Refinitiv's mean analyst estimate for Conmed Corp is for
earnings of 90 cents per share. The company's EPS guidance on
October 26 2022, for the period ended December 31, was between
$0.98 and $1.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$103​, above​ its last closing price of $93.91. ​​​

The company's guidance on October 26 2022 for the period ended
December 31 was for gross profit margin of USD55%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2021  1.03        1.03       1.07      Beat    4
 ​​Sep.        0.75        0.75       0.80      Beat    6.7
 30 2021                                                
 Jun. 30 2021  0.62        0.62       0.71      Beat    14.5​
 Mar. 31 2021  0.44        0.44       0.63      Beat    44.3
 Dec. 31 2020  0.78        0.76       0.84      Beat    9.9
 This summary was machine generated January 31 at 21:24 GMT.  All
figures in US dollars  unless otherwise stated