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

Merit Medical Systems

30/04/2024 23:41

* Merit Medical Systems Inc  MMSI.OQ  reported quarterly
adjusted
earnings of 77 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 64 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 71 cents per share. Wall
Street expected results to range from 71 cents to 72 cents per
share.
    * Revenue rose 8.7% to $323.51 million from a year ago;
analysts
expected $315.51 million. 
    * Merit Medical Systems Inc's reported EPS for the quarter
was 48
cents​.
    * The company reported quarterly net income of $28.24
million.
    * Merit Medical Systems Inc shares had fallen by 0.9% this
quarter and lost 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 8 "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 $88.50 
This summary was machine generated from LSEG data April 30 at
10:40 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
 Mar. 31 2024      0.71           0.77           Beat
 Dec. 31 2023      0.77           0.81           Beat
 Sep. 30 2023      0.65           0.75           Beat
 Jun. 30 2023      0.75           0.81           Beat