Stevanato Group SpA reports results for the quarter ended in January 1 - Earnings Summary

Stevanato SpA

06/11/2024 05:21

* Stevanato Group SpA  STVN.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 12 cents to 14 cents per
share.
    * Revenue rose 2.4% to €277.90 million from a year ago;
analysts
expected €274.37 million. 
    * Stevanato Group SpA's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $30 million.
    * Stevanato Group SpA shares had risen by 12.5% this
quarter and
lost 17.6% so far this year.

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 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Stevanato Group
SpA is $27.00 
This summary was machine generated from LSEG data November 6 at
05:21 a.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
 Sep. 30 2024      0.13           0.12           Missed
 Jun. 30 2024      0.10           0.09           Missed
 Mar. 31 2024      0.11           0.08           Missed
 Dec. 31 2023      0.19           0.18           Missed