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

Quidelortho

02/11/2023 06:53

* QuidelOrtho Corp  QDEL.OQ  reported quarterly adjusted
earnings
of 90 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of $1.85.  The mean expectation of eight analysts for the
quarter was for earnings of 60 cents per share. Wall Street
expected results to range from 40 cents to $1.10 per share.
    * Revenue fell 5.1% to $744.00 million from a year ago;
analysts
expected $723.21 million. 
    * QuidelOrtho Corp's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $12.7 million.
    * QuidelOrtho Corp shares had fallen by 17.2% this
quarter and
lost 29.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $125.00 
This summary was machine generated from LSEG data November 2 at
06:53 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.43           1.76           Beat