Orthofix Medical Inc reports results for the quarter ended in September 30 - Earnings Summary

Orthofix Medical

07/11/2024 14:34

* Orthofix Medical Inc  OFIX.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of five analysts for the quarter was for a loss
of 15 cents per share. Wall Street expected results to range
from -20 cents to -11 cents per share.
    * Revenue rose 6.8% to $196.61 million from a year ago;
analysts
expected $196.52 million. 
    * Orthofix Medical Inc's reported EPS for the quarter was a
loss
of 71 cents​.
    * The company reported a quarterly loss of $27.39 million.
    * Orthofix Medical Inc shares had risen by 17.8% this
quarter and
gained 36.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 7 at
02:34 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
 Sep. 30 2024      -0.15          0.07           Beat
 Jun. 30 2024      -0.19          0.05           Beat
 Mar. 31 2024      -0.33          -0.13          Beat
 Dec. 31 2023      -0.08          0.02           Beat