Conmed Corp reports results for the quarter ended in June - Earnings Summary

Conmed

26/07/2023 22:01

* Conmed Corp  CNMD.N  reported quarterly adjusted earnings
of 83
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
79 cents per share.
    * Revenue rose 14.6% to $317.65 million from a year ago;
analysts
expected $306.09 million. 
    * Conmed Corp's reported EPS for the quarter was 43 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Conmed Corp shares had fallen by 11.6% this quarter and
gained 35.5% so far this year.
    * The company reported quarterly net income of $13.73
million.
    * Wall Street's median 12-month price target for Conmed Corp
is
$129.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.79           0.83           Beat
 Mar. 31 2023      0.60           0.66           Beat
 Dec. 31 2022      0.90           0.42           Missed
 Sep. 30 2022      0.75           0.77           Beat