QuidelOrtho Corp reports results for the quarter ended in December - Earnings Summary

Quidelortho

13/02/2024 22:37

* QuidelOrtho Corp  QDEL.OQ  reported quarterly adjusted
earnings
of $1.17​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.76.  The mean expectation of eight analysts for the
quarter was for earnings of $2.05 per share. Wall Street
expected results to range from $1.87  to $2.23 per share.
    * Revenue fell 14.3% to $742.60 million from a year ago;
analysts
expected $796.91 million. 
    * QuidelOrtho Corp's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $7 million.
    * QuidelOrtho Corp shares had fallen by 5.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "buy"

Wall Street's median 12-month price target for QuidelOrtho Corp
is $72.00 
This summary was machine generated from LSEG data February 13 at
10:37 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
 Dec. 31 2023      2.05           1.17           Missed
 Sep. 30 2023      0.60           0.90           Beat
 Jun. 30 2023      0.28           0.26           Missed
 Mar. 31 2023      1.49           1.80           Beat