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

OraSure Technologies

09/05/2024 19:59

* OraSure Technologies Inc  OSUR.OQ  reported a quarterly
adjusted
loss of 5 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 37 cents.  The mean expectation of six analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -5 cents to 6 cents per share.
    * Revenue fell 65.1% to $54.13 million from a year ago;
analysts
expected $52.10 million. 
    * OraSure Technologies Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The company reported a quarterly loss of $3.58 million.
    * OraSure Technologies Inc shares had fallen by 13.7% this
quarter and lost 35.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.5%
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 "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 $6.63 
This summary was machine generated from LSEG data May 9 at 06:59
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
 Mar. 31 2024      0.01           -0.05          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