OraSure Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

OraSure Technologies

07/11/2024 05:00

* OraSure Technologies Inc  OSUR.OQ  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 15 cents.  The mean expectation of five analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -10 cents to -6 cents per share.
    * Revenue fell 55.2% to $39.92 million from a year ago;
analysts
expected $39.02 million. 
    * OraSure Technologies Inc's reported EPS for the quarter
was a
loss of 6 cents​.
    * The company reported a quarterly loss of $4.51 million.
    * OraSure Technologies Inc shares had risen by 0.5% this
quarter and lost 47.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.5%
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," 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 November 7 at
04:59 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
 Sep. 30 2024      -0.08          -0.06          Beat
 Jun. 30 2024      -0.03          -0.01          Beat
 Mar. 31 2024      0.01           -0.05          Missed
 Dec. 31 2023      0.09           0.27           Beat