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

Merit Medical Systems

27/10/2023 03:20

* Merit Medical Systems Inc  MMSI.OQ  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 65 cents per share.
    * Revenue rose 9.8% to $315.23 million from a year ago;
analysts
expected $306.27 million. 
    * Merit Medical Systems Inc's reported EPS for the quarter
was 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 7.2% this
quarter and lost 9.3% so far this year.
    * The company reported quarterly net income of $25.83
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
October 27 at 02:20 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.65           0.75           Beat
 Jun. 30 2023      0.75           0.81           Beat
 Mar. 31 2023      0.55           0.64           Beat
 Dec. 31 2022      0.67           0.79           Beat