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

Merit Medical Systems

25/07/2023 23:05

* Merit Medical Systems Inc  MMSI.OQ  reported quarterly
adjusted
earnings of 81 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 75 cents per share.
    * Revenue rose 8.5% to $320.06 million from a year ago;
analysts
expected $310.45 million. 
    * Merit Medical Systems Inc's reported EPS for the quarter
was 35
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Merit Medical Systems Inc shares had fallen by 4.1% this
quarter and gained 13.6% so far this year.
    * The company reported quarterly net income of $20.25
million.
    * Wall Street's median 12-month price target for Merit
Medical
Systems Inc is $92.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.75           0.81           Beat
 Mar. 31 2023      0.55           0.64           Beat
 Dec. 31 2022      0.67           0.79           Beat
 Sep. 30 2022      0.53           0.64           Beat