Merit Medical Systems Inc reports results for the quarter ended in December - Earnings Summary

Merit Medical Systems

28/02/2024 23:42

* Merit Medical Systems Inc  MMSI.OQ  reported quarterly
adjusted
earnings of 81 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 79 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 77 cents per
share. Wall Street expected results to range from 75 cents to 79
cents per share.
    * Revenue rose 10.6% to $324.52 million from a year ago;
analysts
expected $320.01 million. 
    * Merit Medical Systems Inc's reported EPS for the quarter
was 47
cents​.
    * The company reported quarterly net income of $27.63
million.
    * Merit Medical Systems Inc shares had risen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Merit Medical
Systems Inc is $89.00 
This summary was machine generated from LSEG data February 28 at
11:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           0.81           Beat
 Sep. 30 2023      0.65           0.75           Beat
 Jun. 30 2023      0.75           0.81           Beat
 Mar. 31 2023      0.55           0.64           Beat