Merit Medical Systems Inc reports results for the quarter ended in September 30 - Earnings Summary

Merit Medical Systems

31/10/2024 03:04

* Merit Medical Systems Inc  MMSI.OQ  reported quarterly
adjusted
earnings of 86 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 75 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 80 cents per
share. Wall Street expected results to range from 79 cents to 81
cents per share.
    * Revenue rose 7.8% to $339.85 million from a year ago;
analysts
expected $334.62 million. 
    * Merit Medical Systems Inc's reported EPS for the quarter
was 48
cents​.
    * The company reported quarterly net income of $28.44
million.
    * Merit Medical Systems Inc shares had fallen by 3.0% this
quarter and gained 26.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 9 "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 $107.00 
This summary was machine generated from LSEG data October 31 at
03:04 a.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
 Sep. 30 2024      0.80           0.86           Beat
 Jun. 30 2024      0.87           0.92           Beat
 Mar. 31 2024      0.71           0.77           Beat
 Dec. 31 2023      0.77           0.81           Beat