OraSure Technologies Inc reports results for the quarter ended in December - Earnings Summary

OraSure Technologies

28/02/2024 24:15

* OraSure Technologies Inc  OSUR.OQ  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
five analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from 6 cents to 12
cents per share.
    * Revenue fell 38.3% to $75.88 million from a year ago;
analysts
expected $74.12 million. 
    * OraSure Technologies Inc shares had fallen by 14.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "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 OraSure
Technologies Inc is $8.00 
This summary was machine generated from LSEG data February 28 at
12:15 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      0.09           0.27           Beat
 Sep. 30 2023      0.04           0.15           Beat
 Jun. 30 2023      -0.08          0.09           Beat
 Mar. 31 2023      0.14           0.37           Beat