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

Embecta

08/08/2023 13:00

* Embecta Corp  EMBC.OQ  reported quarterly adjusted
earnings of
26 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 46 cents per share.
    * Revenue fell 1.7% to $286.10 million from a year ago;
analysts
expected $275.07 million. 
    * Embecta Corp's reported EPS for the quarter was 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Embecta Corp shares had risen by 0.0% this quarter and
lost 14.6% so far this year.
    * The company reported quarterly net income of $15.2
million.
    * Wall Street's median 12-month price target for Embecta
Corp is
$22.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.46           0.26           Missed
 Mar. 31 2023      0.49           0.24           Missed
 Dec. 31 2022      0.52           0.96           Beat
 Sep. 30 2022      0.67           1.18           Beat