Sotera Health Co reports results for the quarter ended in March - Earnings Summary

Sotera Health

03/05/2024 10:50

* Sotera Health Co  SHC.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of seven analysts for the quarter was for earnings of 13 cents
per share. Wall Street expected results to range from 11 cents
to 15 cents per share.
    * Revenue rose 12.5% to $248.18 million from a year ago;
analysts
expected $244.35 million. 
    * Sotera Health Co's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $6.32
million.
    * Sotera Health Co shares had fallen by 9.2% this
quarter and
lost 35.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Sotera Health Co
is $16.00 
This summary was machine generated from LSEG data May 3 at 09:50
a.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      0.13           0.13           Met
 Dec. 31 2023      0.26           0.26           Met
 Sep. 30 2023      0.20           0.21           Beat
 Jun. 30 2023      0.18           0.21           Beat