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

Embecta

09/05/2024 14:53

* Embecta Corp  EMBC.OQ  reported quarterly adjusted
earnings of
67 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 24
cents.  The mean expectation of four analysts for the quarter
was for earnings of 40 cents per share. Wall Street expected
results to range from 37 cents to 47 cents per share.
    * Revenue rose 3.6% to $287.20 million from a year ago;
analysts
expected $264.70 million. 
    * Embecta Corp's reported EPS for the quarter was 50 cents​.
    * The company reported quarterly net income of $28.9
million.
    * Embecta Corp shares had fallen by 22.6% this quarter and
lost 45.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the medical
equipment,
supplies & distribution peer group is  "sell."

Wall Street's median 12-month price target for Embecta Corp is
$16.50 
This summary was machine generated from LSEG data May 9 at 01:52
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.40           0.67           Beat
 Dec. 31 2023      0.46           0.61           Beat
 Sep. 30 2023      0.40           0.59           Beat
 Jun. 30 2023      0.46           0.26           Missed