Merit Medical Systems Inc expected to post earnings of 55  cents a share - Earnings Preview

Merit Medical Systems

25/04/2023 01:46

* Merit Medical Systems Inc  MMSI.OQ   MMSI.O  is expected
to show
a rise in quarterly revenue when it reports  results on April
26. 
    * The South Jordan Utah-based  company is expected to report
 a
1.8% increase in revenue to $280.446 million from $275.42
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
February 22 2023, for the period ended March 31, was for revenue
between $278.17 million and $283.68 million.
    * ​Refinitiv's mean analyst estimate for Merit Medical
Systems Inc
is for earnings of 55 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "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 Merit
Medical
Systems Inc is $78.5​, below​ its last closing price of $79.00.
​​​

The company's guidance on February 22 2023 for the period ended
March 31 was for gross profit margin between USD44.79% and
USD45.79%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.67        0.67       0.79      Beat    17.7
 Sep. 30 2022  0.53        0.53       0.64      Beat    21.1
 Jun. 30 2022  0.58        0.58       0.73      Beat    26.3​
 Mar. 31 2022  0.47        0.47       0.53      Beat    13.9
 ​​Dec.        0.51        0.52       0.71      Beat    36.5
 31 2021                                                
 Sep. 30 2021  0.44        0.44       0.52      Beat    19.2​
 Jun. 30 2021  0.45        0.44       0.62      Beat    39.7
 Mar. 31 2021  0.36        0.36       0.52      Beat    45.4
 This summary was machine generated April 25 at 00:46 GMT.  All
figures in US dollars  unless otherwise stated