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

Embecta

21/11/2023 12:01

* Embecta Corp  EMBC.OQ  reported quarterly adjusted
earnings of
59 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $1.18.  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 2.7% to $281.90 million from a year ago;
analysts
expected $271.55 million. 
    * Embecta Corp's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $6 million.
    * Embecta Corp shares had risen by 8.5% this quarter and
lost 35.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.4%
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." 
    * Wall Street's median 12-month price target for Embecta
Corp is
$16.00 

This summary was machine generated from LSEG data November 21 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.40           0.59           Beat
 Jun. 30 2023      0.46           0.26           Missed
 Mar. 31 2023      0.49           0.24           Missed
 Dec. 31 2022      0.52           0.96           Beat