QuidelOrtho Corp reports results for the quarter ended in January - Earnings Summary
31/07/2024 22:03
* QuidelOrtho Corp QDEL.OQ reported a quarterly adjusted
loss
of 7 cents per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 26 cents. The mean expectation of seven analysts for the
quarter was for a loss of 23 cents per share. Wall Street
expected results to range from -35 cents to -7 cents per share.
* Revenue fell 4.2% to $637.00 million from a year ago;
analysts
expected $613.54 million.
* QuidelOrtho Corp's reported EPS for the quarter was a loss
of
$2.20.
* The company reported a quarterly loss of $147.7 million.
* QuidelOrtho Corp shares had risen by 19.7% this
quarter and
lost 46.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 459.9% 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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the advanced
medical
equipment & technology peer group is also "hold"
Wall Street's median 12-month price target for QuidelOrtho Corp
is $60.00
This summary was machine generated from LSEG data July 31 at
09:02 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 -0.23 -0.07 Beat
Mar. 31 2024 0.39
Dec. 31 2023 2.05 1.17 Missed
Sep. 30 2023 0.60 0.90 Beat