QuidelOrtho Corp expected to post earnings of $1.49 a share - Earnings Preview

Quidelortho

02/05/2023 03:04

* QuidelOrtho Corp  QDEL.OQ   QDEL.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 3. 
    * The San Diego California-based  company is expected to
report  a
20.8% decrease in revenue to $794.05 million from $1 billion a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. The company's guidance on April 13 2023, for
the period ended March 31, was for revenue between $840.00
million and $850.00 million.
    * ​Refinitiv's mean analyst estimate for QuidelOrtho Corp is
for
earnings of $1.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for QuidelOrtho
Corp
is $127.5​, above​ its last closing price of $91.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.43        1.43       1.76      Beat    23.4
 Sep. 30 2022  0.97        0.74       1.85      Beat    149.9
 Jun. 30 2022  2.81        2.80       2.34      Missed  -16.3​
 Mar. 31 2022  10.90       9.89       11.66     Beat    17.9
 ​​Dec.        6.02        5.61       7.29      Beat    30
 31 2021                                                
 Sep. 30 2021  5.29        3.52       5.36      Beat    52.1​
 Jun. 30 2021  1.21        1.20       0.75      Missed  -37.7
 Mar. 31 2021  4.59        4.71       4.38      Missed  -7
 This summary was machine generated May 2 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated