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

OraSure Technologies

06/08/2024 23:59

* OraSure Technologies Inc  OSUR.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of five analysts for the
quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -4 cents to -2 cents per share.
    * Revenue fell 36.4% to $54.34 million from a year ago;
analysts
expected $52.13 million. 
    * OraSure Technologies Inc's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $615 thousand.
    * OraSure Technologies Inc shares had fallen by 0.7% this
quarter and lost 48.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 349.8% 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," 4
"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 $5.00 
This summary was machine generated from LSEG data August 6 at
10:58 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
 Jun. 30 2024      -0.03          -0.01          Beat
 Mar. 31 2024      0.01           -0.05          Missed
 Dec. 31 2023      0.09           0.27           Beat
 Sep. 30 2023      0.04           0.15           Beat