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

Stevanato SpA

06/08/2024 12:50

* Stevanato Group SpA  STVN.N  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 9 cents to 11 cents per share.
    * Revenue rose 1.7% to €259.60 million from a year ago;
analysts
expected €254.92 million. 
    * Stevanato Group SpA's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of €20.6
million.
    * Stevanato Group SpA shares had risen by 2.5% this
quarter and
lost 31.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.3%
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 $29.00 
This summary was machine generated from LSEG data August 6 at
11:50 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
 Jun. 30 2024      0.10           0.09           Missed
 Mar. 31 2024      0.11           0.08           Missed
 Dec. 31 2023      0.19           0.18           Missed
 Sep. 30 2023      0.15           0.15           Met