Inotiv Inc reports results for the quarter ended in June - Earnings Summary

Inotiv

11/08/2023 24:59

* Inotiv Inc  NOTV.OQ  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue fell 8.8% to $157.47 million from a year ago;
analysts
expected $151.08 million. 
    * Inotiv Inc's reported EPS for the quarter was 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 122.2% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Inotiv Inc shares had risen by 34.4% this quarter and
gained 29.8% so far this year.
    * The company reported quarterly net income of $1.84
million.
    * Wall Street's median 12-month price target for Inotiv Inc
is
$9.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 11:59 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.10          0.07           Beat
 Mar. 31 2023      -0.42          -0.39          Beat
 Dec. 31 2022      -1.30          -3.41          Missed
 Sep. 30 2022      -0.37          -0.32          Beat