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

Orthofix Medical

08/05/2024 10:18

* Orthofix Medical Inc  OFIX.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of
five analysts for the quarter was for a loss of 33 cents per
share. Wall Street expected results to range from -35 cents
to -32 cents per share.
    * Revenue rose 7.7% to $188.61 million from a year ago;
analysts
expected $184.13 million. 
    * Orthofix Medical Inc's reported EPS for the quarter was a
loss
of 95 cents​.
    * The company reported a quarterly loss of $36.02 million.
    * Orthofix Medical Inc shares had fallen by 4.3% this
quarter and
gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 233.3% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 May 8 at 09:18
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
 Mar. 31 2024      -0.33          0.11           Beat
 Dec. 31 2023      -0.08          0.02           Beat
 Sep. 30 2023      -0.21          0.07           Beat
 Jun. 30 2023      -0.47          0.02           Beat