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

Orthofix Medical

09/05/2023 23:01

* Orthofix Medical Inc  OFIX.OQ  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 51 cents per share.
    * Revenue rose 64.6% to $175.20 million from a year ago;
analysts
expected $168.46 million. 
    * Orthofix Medical Inc's reported EPS for the quarter was a
loss
of $1.71​.
    * The mean earnings estimate of analysts had fallen by
about 375.7% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Orthofix Medical Inc shares had risen by 11.1% this
quarter and
lost 9.4% so far this year.
    * The company reported a quarterly loss of $60.94 million.
    * Wall Street's median 12-month price target for Orthofix
Medical
Inc is $37.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.51          -0.10          Beat
 Dec. 31 2022      0.10           0.19           Beat
 Sep. 30 2022      0.12           0.13           Beat
 Jun. 30 2022      0.10           0.08           Missed