Mettler-Toledo International Inc reports results for the quarter ended in December - Earnings Summary

Mettler-Toledo International

09/02/2024 24:05

* Mettler-Toledo International Inc  MTD.N  reported
quarterly
adjusted earnings of $9.40​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $12.10.  The mean expectation of
eleven analysts for the quarter was for earnings of $10.10 per
share. Wall Street expected results to range from $9.32 
to $10.60 per share.
    * Revenue fell 11.6% to $934.99 million from a year ago;
analysts
expected $958.37 million. 
    * Mettler-Toledo International Inc's reported EPS for the
quarter
was $8.52​.
    * The company reported quarterly net income of $184.8
million.
    * Mettler-Toledo International Inc shares had risen by 0.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Mettler-Toledo
International Inc is $1,080.00 
This summary was machine generated from LSEG data February 9 at
12:05 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
 Dec. 31 2023      10.10          9.40           Missed
 Sep. 30 2023      9.74           9.80           Beat
 Jun. 30 2023      9.97           10.19          Beat
 Mar. 31 2023      8.60           8.69           Beat