OSI Systems Inc reports results for the quarter ended in June - Earnings Summary

OSI Systems

22/08/2024 17:31

* OSI Systems Inc  OSIS.OQ  reported quarterly adjusted
earnings
of $2.84​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$2.66.  The mean expectation of four analysts for the quarter
was for earnings of $2.79 per share. Wall Street expected
results to range from $2.78  to $2.80 per share.
    * Revenue rose 16.8% to $480.91 million from a year ago;
analysts
expected $466.48 million. 
    * OSI Systems Inc's reported EPS for the quarter was $2.55​.
    * The company reported quarterly net income of $44.68
million.
    * OSI Systems Inc shares had risen by 5.2% this quarter and
gained 12.1% 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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for OSI Systems Inc
is $166.00 
This summary was machine generated from LSEG data August 22 at
04:31 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      2.79           2.84           Beat
 Mar. 31 2024      2.10           2.16           Beat
 Dec. 31 2023      1.75           2.21           Beat
 Sep. 30 2023      0.86           0.91           Beat