Orthofix Medical Inc reports results for the quarter ended in January - Earnings Summary

Orthofix Medical

06/08/2024 14:52

* Orthofix Medical Inc  OFIX.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
five analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -23 cents
to -13 cents per share.
    * Revenue rose 6.2% to $198.62 million from a year ago;
analysts
expected $195.23 million. 
    * Orthofix Medical Inc's reported EPS for the quarter was a
loss
of 88 cents​.
    * The company reported a quarterly loss of $33.44 million.
    * Orthofix Medical Inc shares had risen by 10.0% this
quarter and
gained 8.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.1%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Orthofix Medical
Inc is $20.00 
This summary was machine generated from LSEG data August 6 at
01:52 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      -0.19          0.05           Beat
 Mar. 31 2024      -0.33          0.11           Beat
 Dec. 31 2023      -0.08          0.02           Beat
 Sep. 30 2023      -0.21          0.07           Beat