Merit Medical Systems Inc expected to post earnings of 75  cents a share - Earnings Preview

Merit Medical Systems

21/07/2023 22:41

* Merit Medical Systems Inc  MMSI.OQ   MMSI.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
25. 
    * The South Jordan Utah-based  company is expected to report
 a
5.2% increase in revenue to $310.447 million from $294.98
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
April 26 2023, for the period ended June 30, was for revenue
between $306.78 million and $312.67 million.
    * ​Refinitiv's mean analyst estimate for Merit Medical
Systems Inc
is for earnings of 75 cents per share. The company's EPS
guidance on April 26 2023, for the period ended June 30, was
between $0.73 and $0.77 
    * 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 $92.5​, above​ its last closing price of $81.96.
​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for gross profit margin between USD46.48% and
USD47.08%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.55        0.55       0.64      Beat    17.2
 Dec. 31 2023  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.        0.47        0.47       0.53      Beat    13.9
 31 2022                                                
 Dec. 31 2021  0.51        0.52       0.71      Beat    36.5​
 Sep. 30 2021  0.44        0.44       0.52      Beat    19.2
 Jun. 30 2021  0.45        0.44       0.62      Beat    39.7
 This summary was machine generated July 21 at 21:41 GMT.  All
figures in US dollars  unless otherwise stated