Merit Medical Systems Inc expected to post earnings of 77 cents a share - Earnings Preview

Merit Medical Systems

26/02/2024 22:43

* Merit Medical Systems Inc  MMSI.OQ   MMSI.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The South Jordan Utah-based  company is expected to report
a
9.1% increase in revenue to $320.013 million from $293.42
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on October
26 2023, for the period ended December 31, was for revenue
between 309.55 million and 317.77 million.
    * ​LSEG's mean analyst estimate for Merit Medical Systems
Inc is
for earnings of 77 cents per share. The company's EPS guidance
on October 26 2023, for the period ended December 31, was
between 0.73 and 0.78 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $89.00​, above​ its last closing price of $79.81.
​​​

The company's guidance on October 26 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
56.02855 million and 58.15191 million.The company's guidance on
October 26 2023 for the period ended December 31 was for gross
profit margin between 50.5% and 51.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.65        0.65       0.75      Beat    15.9
 Jun. 30 2023  0.75        0.75       0.81      Beat    7.9
 Mar. 31 2023  0.55        0.55       0.64      Beat    17.2​
 Dec. 31 2022  0.67        0.67       0.79      Beat    17.7
 ​​Sep.        0.53        0.53       0.64      Beat    21.1
 30 2022                                                
 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. 31 2021  0.51        0.52       0.71      Beat    36.5
 This summary was machine generated February 26 at 22:43 GMT. 
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)