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

Orthofix Medical

09/08/2023 06:34

* Orthofix Medical Inc  OFIX.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was for a
loss of 47 cents per share.
    * Revenue rose 58.4% to $187.02 million from a year ago;
analysts
expected $185.63 million. 
    * Orthofix Medical Inc's reported EPS for the quarter was a
loss
of $1.07​.
    * The mean earnings estimate of analysts had risen by
about 20% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Orthofix Medical Inc shares had fallen by 0.6% this
quarter and
lost 12.5% so far this year.
    * The company reported a quarterly loss of $39.43 million.
    * Wall Street's median 12-month price target for Orthofix
Medical
Inc is $30.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:34 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.47          0.02           Beat
 Mar. 31 2023      -0.51          -0.10          Beat
 Dec. 31 2022      0.10           0.19           Beat
 Sep. 30 2022      0.12           0.13           Beat