Embecta Corp expected to post earnings of 46 cents a share - Earnings Preview

Embecta

07/02/2024 15:16

* Embecta Corp  EMBC.OQ   EMBC.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 9 for the
period ending December 31 2023
    * The Parsippany New Jersey-based  company is expected to
report a
3.9% decrease in revenue to $264.907 million from $275.7 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Embecta Corp is for
earnings
of 46 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 2 "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 Embecta
Corp is
$16.50​, below​ its last closing price of $17.40. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.42        0.40       0.59      Beat    48.4
 Jun. 30 2023  0.46        0.46       0.26      Missed  -43.5
 Mar. 31 2023  0.49        0.49       0.24      Missed  -50.7​
 Dec. 31 2022  0.51        0.52       0.96      Beat    86.4
 ​​Sep.        0.72        0.67       1.18      Beat    77.4
 30 2022                                                
 Jun. 30 2022  0.87        0.87       1.30      Beat    49.4​
 This summary was machine generated February 7 at 15:16 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)