Stevanato Group SpA reports results for the quarter ended in December - Earnings Summary

Stevanato SpA

07/03/2024 13:12

* Stevanato Group SpA  STVN.N  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter ended in
December, identical to the same quarter last year.  The mean
expectation of nine analysts for the quarter was for earnings of
19 cents per share. Wall Street expected results to range from
18 cents to 21 cents per share.
    * Revenue rose 9.8% to €320.60 million from a year ago;
analysts
expected €326.43 million. 
    * Stevanato Group SpA's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of €45.2
million.
    * Stevanato Group SpA shares had risen by 21.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Stevanato
Group
SpA is $35.50 

This summary was machine generated from LSEG data March 7 at
01:12 p.m. UTC. ​All figures in euros 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      0.19           0.18           Missed
 Sep. 30 2023      0.15           0.15           Met
 Jun. 30 2023      0.13           0.14           Beat
 Mar. 31 2023      0.12           0.11           Missed