Perrigo Company PLC reports results for the quarter ended in March - Earnings Summary

Perrigo

07/05/2024 14:32

* Perrigo Company PLC  PRGO.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 45 cents.  The mean expectation of three analysts for the
quarter was for earnings of 23 cents per share. 
    * Revenue fell 8.4% to $1.08 billion from a year ago;
analysts
expected $1.09 billion. 
    * Perrigo Company PLC's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $2 million.
    * Perrigo Company PLC shares had risen by 3.9% this
quarter and
gained 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 67.1%
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
pharmaceuticals
peer group is also "buy"

Wall Street's median 12-month price target for Perrigo Company
PLC is $40.50 
This summary was machine generated from LSEG data May 7 at 01:32
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
 Mar. 31 2024      0.23           0.29           Beat
 Dec. 31 2023      0.83           0.86           Beat
 Sep. 30 2023      0.63           0.64           Beat
 Jun. 30 2023      0.51           0.63           Beat